LockBit’s Double Cross: Ransom Paid, Data Remains Locked Away

In exchange for the payment of a ransom, LockBit ransomware blocks access to the computer systems of its users. With LockBit, all computers on a network can be encrypted by encrypting them, confirming that the target is valuable, spreading the infection, and vetting potential targets. 

Enterprises and other organizations use many types of ransomware to carry out highly targeted and self-piloted cyberattacks.

The cybersecurity landscape, which is always changing, is a dangerously competitive one. Adversaries lurk in the shadows and are eager to exploit vulnerabilities and disrupt the operations of organizations. 

There are many threats out there, but LockBit is one of the most formidable, as it has a dark history of evolution, and has been known to target large enterprises across various industries.

Key Characteristics of LockBit

During the selection of its targets, Lockbit meticulously assesses their financial capacity, as well as their potential disruptions, before choosing the best ones. 

Consequently, there is a concentration on several large businesses across healthcare, education, financial institutions, and government entities as a result of these factors.

The automated vetting process can help in selecting targets and making sure they meet a certain set of criteria so that the vetting process can be used. 

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