LockBit's Federal Reserve Claim Debunked as Evolve Bank & Trust Confirms Breach
Evolve Bank & Trust is currently investigating a security incident, confirming a breach but assuring customers of no further threat. Meanwhile, the ransomware gang LockBit, known for its 'Ransomware-as-a-Service' model, has been making headlines with its claims and actions.
LockBit, originating from Russia, operates by franchising its malware to others for deployment on victim's systems. Recently, it claimed to have hacked the Federal Reserve, the central bank of the United States, and stolen a massive 33 terabytes of sensitive data, including information about transfers of millions of Americans and their banks, such as US Bank and PNC Bank. However, it's important to note that there's no public evidence supporting this claim.
The gang gave the Federal Reserve until June 25 to make a serious offer, after which it released parts of the alleged data on the darknet. However, the released data so far indicates a breach of a single bank, Evolve Bank & Trust, not the Federal Reserve. This suggests that LockBit's claim might be an act of desperation to regain relevance and attract affiliates, following the disruption of its operations by the U.S. Department of Justice and international partners in May.
While LockBit's claims of hacking the Federal Reserve remain unproven, the incident serves as a reminder of the ongoing threat of ransomware attacks. Evolve Bank & Trust continues to investigate the breach, ensuring customers that there's no further threat. The U.S. Department of Justice and international partners remain vigilant in combating such threats.
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