LockBit power cut: four new arrests and financial sanctions against affiliates | Europol
These are some of the results of the third phase of Operation Cronos, a long-running collective effort of law enforcement authorities from 12 countries, Europol and Eurojust, who joined forces to effectively disrupt at all levels the criminal operations of the LockBit ransomware group. These actions follow the massive disruption of LockBit infrastructure in February 2024, as well as the large series of sanctions and operational actions that took place against LockBit administrators in May and subsequent months. Between 2021 and 2023, LockBit was the most widely employed ransomware variant globally with a notable number of victims claimed on its data leak site. Lockbit operated on the ransom as a service model. The core group sold access to affiliates and received portions of the collected ransom payments. Entities deploying LockBit ransomware attacks had targeted organisations of various sizes spanning critical infrastructure sectors such as financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing and transportation. Reflecting the considerable number of independent affiliates involved, LockBit ransomware attacks display significant variation in observed tactics, techniques and procedures. #2024 #EN #Eurojust #LockBit #busted #disrupt #europol
