The Lockbit Ransomware Group Disruption: Now What?
By now it’s old news that the LockBit Ransomware as a Service (RaaS) company has been “disrupted” by law enforcement, there have been several good articles detailing the specifics. Servers have been seized (though maybe not all of them), two people have been arrested and indictments have been unsealed for others. A new decryption tool has even been released, which may provide relief for at least some of the victims. LockBit was well known to be the largest and most sophisticated of the RaaS operators, covering, by some estimates, about 25% of the marketplace; if Gartner was doing RaaS ratings, LockBit would likely be in the magic quadrant. So all of this is definitely great news… but what does it mean? Are we going to see a 25% drop in ransomware attacks in 2024? It seems unlikely.
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