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LockBit holds 33TB of stolen data and its ransom deadline is up: What’s next and is it real or hoax?
LockBit mocked and taunted government negotiators, insinuating that the feds offered up just $50,000 so the gang wouldn't leak stolen data.
“LockBit has made at least half a billion dollars so far, so they’re going to laugh at the small payments offered by one of the most strategically important financial institutions on the planet,” agreed Matt Radolec, VP for incident response and cloud operations at Varonis. LockBit’s MO is to go after high-profile targets and publicly denounce them if they refuse to pay, then leak sensitive information on their site (in the case of The Boeing Company, for instance, they shared 50 gigabytes of data). Ultimately, this puts the Federal Reserve in a difficult position faced by thousands of private organizations every year: Do they pay the ransom and trust that the group stays true to its word and deletes the stolen data?
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