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TechHackers

FBI and U.K.’s Crime Agency say they’ve disrupted ransomeware giant LockBit, one of the most prolific hacker groups of all time

By
Jamie Tarabay
Jamie Tarabay
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Bloomberg
Bloomberg
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By
Jamie Tarabay
Jamie Tarabay
and
Bloomberg
Bloomberg
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February 20, 2024, 4:25 AM ET
Updated February 20, 2024, 7:32 AM ET
LockBit specializes in using malicious software known as ransomware to encrypt files on its victims’ computers, then demanding payment to unlock the files.
LockBit specializes in using malicious software known as ransomware to encrypt files on its victims’ computers, then demanding payment to unlock the files. Getty Images

A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites the organization used for ransomware payments. 

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A post on the gang’s website Monday said it’s “now under the control” of the UK agency, the FBI and other law enforcement agencies.

Law enforcement from 11 different countries took part in the operation, which seized 11,000 domains used by LockBit and its affiliates to facilitate ransomware, an FBI official said. The operation, which disrupted LockBit’s infrastructure and targeted its malware deployment system, took place in recent days, the official said.

“LockBit has caused enormous harm and cost – no longer,” Graeme Biggar, director general of the National Crime Agency, said at a press conference on Tuesday. “We have hacked the hackers, we have taken control of their infrastructure, seized their source code, and obtained keys that will help victims decrypt their systems.”

LockBit specializes in using malicious software known as ransomware to encrypt files on its victims’ computers, then demanding payment to unlock the files. The operation recruits hackers to conduct the cyberattacks using LockBit’s tools and infrastructure. LockBit gets a cut of any ransom extorted in the hacks.

The group was responsible for last year’s attack on the US arm of Industrial & Commercial Bank of China Ltd., which disrupted the $26 billion US Treasury market. It also took down a website that Boeing Co. uses to sell spare aircraft parts, software and services.

Two LockBit actors were arrested, in Poland and Ukraine, as part of the operation, according to European Union’s policing body Europol. Three international warrants and five indictments have been issued by French and US authorities, the agency said in a statement. 

The worldwide operation disrupted the group’s infrastructure and will include indictments, followed by sanctions, said Brett Leatherman, deputy assistant director of the FBI.

Agents seized control of Lockbit’s equipment, including servers with victim data, file-share servers and communication servers, he said. That will help authorities return stolen data to the companies and other organizations hacked by LockBit.

“We’ll be notifying victims here soon,” Leatherman said in an interview. 

LockBit first came to prominence in 2021, calling itself LockBit 1.0. In 2022, it became LockBit 2.0 and its latest iteration is LockBit Green. One of the group’s most recent victims was EquilLend. The trading platform, which processes trillions of dollars of transactions a month, said the incident on Jan. 22 affected some automated securities lending services.

The hacking group has claimed 1,600 victims in the US and 2,000 internationally, according to the FBI. A good majority are within the private sector, and the FBI said it’s tracking 144 million ransoms paid in relation to LockBit attacks.

Jean-Philippe Lecouffe, deputy executive director of operations for Europol, said at the press conference that the takedown is “by far the biggest ransomware case coordinated by Europol,”  and involved months of planning and actions. 

“We have disrupted at every level the criminal operation of the LockBit ransomware group, severely damaging their capabilities but also their credibility,” he said. “Today we have delivered a decisive blow not only to their operations but to their reputation.”

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