LockBit Ransomware hits again
Launched in September 2019 and formerly known as 'ABCD', LockBit is a ransomware-as-a-service (RaaS) threat that was updated in June 2021 and improved on the group’s earlier claims of having the fastest encryption process on the ransomware scene (Figure 1). Much like other RaaS offerings, LockBit operates an affiliate profit sharing program in which up-to eighty percent of a ransom payment can be earned whilst the operators claim the remainder.