LockBit: Is this the end?

LockBit, the world's largest ransomware-as-a-service (RaaS) provider suffered a very public takedown by an international law enforcement task force, Operation Cronos.The ransomware behemoth quickly relaunched just days later. But in a world where trust is key, might the reputational damage be too great?This is the story of the rise of LockBit, its relationship with other infamous cybercriminal groups, its uneasy relationship with some affiliates, its curious leader LockBitsupp, the public takedown and the relaunch, and what this means for the future of ransomware-as-a-service.Speaker(s):Koryak Uzan, Co-founder & Managing Director of PRODAFTLinks:GITOC - The Rise and Fall of the Conti ransomware groupPRODAFT - LockBit: Behind the Lines of the Notorious RaaSPRODAFT - The Demise of LOCKBIT: Disrupting the Most Prominent Ransomware Gang by Utilizing Upstream Threat Intelligencehttps://twitter.com/PRODAFThttps://www.trendmicro.com/vinfo/gb/security/news/ransomware-by-the-numbers/lockbit-blackcat-and-clop-prevail-as-top-raas-groups-for-1h-2023https://www.wired.com/story/lockbit-ransomware-takedown-website-nca-fbi/https://krebsonsecurity.com/2024/02/fulton-county-security-experts-call-lockbits-bluff/https://www.blackfog.com/the-top-10-ransomware-groups-of-2023/https://go.recordedfuture.com/webinar/threat-briefing/lockbit-takedownhttps://www.bloomberg.com/news/articles/2024-02-19/fbi-uk-crime-agency-say-they-have-disrupted-lockbit-hacking-gang?cmpid=cyberhttps://www.bleepingcomputer.com/news/security/lockbit-ransomware-returns-to-attacks-with-new-encryptors-servers/https://www.nationalcrimeagency.gov.uk/news/nca-leads-international-investigation-targeting-worlds-most-harmful-ransomware-grouphttps://samples.vx-underground.org/tmp/Lockbit_Statement_2024-02-24.txthttps://therecord.media/lockbit-lied-about-deleting-exfiltrated-data-after-ransom-paymentshttps://www.sophos.com/en-us/content/state-of-ransomwarehttps://www.trendmicro.com/vinfo/gb/security/news/ransomware-spotlight/ransomware-spotlight-rhysidahttps://www.theguardian.com/commentisfree/2024/feb/06/hacker-british-library-cybersecurity-cybercrime-ukhttps://www.cisa.gov/news-events/cybersecurity-advisories/aa23-352ahttps://www.trendmicro.com/vinfo/us/security/news/ransomware-spotlight/ransomware-spotlight-royalhttps://www.reuters.com/technology/cybersecurity/blackcat-ransomware-site-claims-it-was-seized-uk-law-enforcement-denies-being-2024-03-05/https://thehackernews.com/2024/03/exit-scam-blackcat-ransomware-group.htmlhttps://twitter.com/ddd1ms/status/1764979901965201552https://www.cpomagazine.com/cyber-security/under-increasing-federal-scrutiny-blackcat-ransomware-gang-pulls-exit-scam-on-its-way-out/https://www.trustwave.com/en-us/resources/blogs/spiderlabs-blog/resurgence-of-blackcat-ransomware/https://www.cpomagazine.com/cyber-security/blackcat-ransomware-gang-recovers-from-early-december-law-enforcement-operation-restores-websites-seized-by-doj/https://www.darkreading.com/threat-intelligence/lockbit-leak-site-reemerges-week-after-complete-compromise-https://www.linkedin.com/posts/prodaft_manual-ransomware-business-activity-7026870344648916992-mgZX/?originalSubdomain=nlhttps://therecord.media/lockbit-ransomware-indictments-us-doj-bassterlordhttps://home.treasury.gov/news/press-re