Seized ransomware network LockBit rewired to expose hackers to world | Cybercrime | The Guardian - 0 views
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dr tech on 22 Feb 24"The organisation is a pioneer of the "ransomware as a service" model, whereby it outsources the target selection and attacks to a network of semi-independent "affiliates", providing them with the tools and infrastructure and taking a commission on the ransoms in return. As well as ransomware, which typically works by encrypting data on infected machines and demanding a payment for providing the decryption key, LockBit copied stolen data and threatened to publish it if the fee was not paid, promising to delete the copies on receipt of a ransom."