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LockBit Claims Breaching the US Federal Reserve but Fails to Prove It

On June 23rd, LockBit announced breaching the US Federal Reserve System, while security experts remained skeptical.
The Russian threat group claimed to exfiltrate 33 terabytes of banking information from the USA's central bank servers.
After the deadline expired on June 25th, LockBit only published 21 links that held files of parent directories, torrents, and compressed archive files from Evolve Bank and Trust.
Previously this month, the US Federal Reserve had penalized Evolve Bank & Trust for.
Poor bank's risk management, anti-money laundering and compliance practices.
For the moment, there is no proof that LockBit breached the US Federal Reserve.
The threat's group dark web leak site is currently off.
In February 2024, law enforcers announced seizing LockBit's website, infrastructure, and data.
Five days later, the threat group replicated their former website and returned to their activities.
The threat group continued their attacks and is still one of the most prolific ransomware-as-a-services.
Security researchers said LockBit ransomware was linked to 28 confirmed attacks during April 2024.
At the beginning of May, the United States, United Kingdom, and Australia law enforcement revealed and sanctioned Russian Dmitry Yuryevich Khoroshev as the mastermind behind LockBit.
During the first week of June, the FBI announced distributing 7,000 decryption keys to LockBit victims.
LockBit has faced severe blows this year, but they remain a serious threat.
Enforcing endpoint security best practices and educating employees to identify phishing emails can significantly enhance a company's security.
More is needed to keep LockBit hackers away.
Our Extended Detection and Response solution unifies over 11 tools into a single security platform, saving time and reducing confusion.
These are just three ways we can help prevent ransomware attacks.
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This Cyber News was published on heimdalsecurity.com. Publication date: Wed, 26 Jun 2024 19:13:05 +0000


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