- Hackers Target Binance Russia - September 26, 2023
- Kroll Leak: Crypto Data Risk - September 22, 2023
- Russian Actor’s ₽45M Crypto Loss - September 22, 2023
LockBit is a type of ransomware that encrypts files on a victim’s computer or network, making them inaccessible until a ransom is paid. It is distributed by cybercriminals as a service and spreads through methods like phishing emails and compromised connections. LockBit encrypts files using a strong algorithm and demands payment in cryptocurrencies. It can quickly spread across a network, evades detection, and disables backups.