LockBit Digital Gang Named Top Ransomware Threat by World Nations

On Wednesday, a group of seven countries, including the United States, Canada, Britain, France, Germany, Australia, and New Zealand, collectively identified the primary ransomware threat worldwide as the criminal organization known as “LockBit.” This digital extortion gang operates under the banner of LockBit and has been recognized as the leading purveyor of ransomware. 

The cyber authorities of these nations issued a joint advisory, highlighting LockBit’s ransomware software, which encrypts victims’ data until a ransom is paid. Notably, this software has gained widespread usage among cybercriminals, making LockBit the most prevalent ransomware threat globally. 

According to the Canadian Centre for Cyber Security, LockBit ransomware has been observed as early as 1989 and has since evolved into the most prevalent cyber threat encountered by Canadians. This malicious software has gained significant prominence and poses a substantial risk to individuals and organizations across the country. 

The Canadian Centre for Cyber Security has reported a significant surge in global ransomware attacks. In the first half of 2021, these attacks witnessed a staggering increase of 151 percent compared to the corresponding period in the previous year. This alarming rise in ransomware incidents further emphasizes the urgent need

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