LockBit’s Tall Tales: Desperate Claims of Fed Breach Fail to Impress

LockBit ransomware’s claim of breaching the US Federal Reserve turns out to be a tall tale. They actually targeted Evolve Bank & Trust. LockBit’s desperate bid for relevance might just be a sign of their decline in the cybercriminal world.

Hot Take:

LockBit Ransomware Gang Claims to Have Hit the US Federal Reserve, But in Reality, It’s More Like Trying to Steal Candy from a Local Bank!

Key Points:

  • LockBit ransomware gang claimed to have breached the US Federal Reserve.
  • The group boasted about stealing 33 terabytes of sensitive banking information.
  • In reality, LockBit targeted Evolve Bank & Trust, a much smaller institution.
  • LockBit’s claims are seen as a desperate attempt to maintain relevance after recent setbacks.
  • Evolve Bank & Trust is actively addressing the breach and has involved law enforcement.

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