What is LockBit ransomware?

What is LockBit ransomware?
What is LockBit ransomware?

On April 16, reports emerged that LockBit ransomware was found to be targeting Mac devices, in a first. Cybercriminals have developed new ransomware encryptors designed to target macOS devices, making this the first major ransomware operation to specifically target Apple computers. The new encryptors target both older Macs and newer ones running on Apple Silicon.

Earlier in January, the LockBit gang was reportedly behind a cyber-attack on U.K. postal services, causing international shipping to grind to a halt.

First reported in September 2019 and dubbed the “abcd” virus, due to the file extension used when encrypting victim’s files, the LockBit ransomware is designed to infiltrate victims’ systems and encrypt important files. The virus is categorised as a “crypto virus” due to its requests for payment in cryptocurrency to decrypt the files on the victim’s device.

The ransomware is therefore typically deployed against victims who feel hindered enough by the disruption to pay heavy sums in exchange for access and can afford to do so.

The gang behind the LockBit ransomware reportedly maintains a dark web portal to recruit members and release data of victims who refuse to meet their demands, as part of their business model. In the past, LockBit ransomware has been used to target enterprises and organisations in the U.S., China, India, Ukraine, and Indonesia. Attacks have also been recorded throughout Europe, including in France, Germany, and the U.K.