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Ransomware Gang LockBit Revises Its Tactics as Payouts Slip | #ransomware | #cybercrime

LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd-rte-company>., among others, has revised the way it tries to blackmail victims because it’s disappointed with lower-than-expected ransom payments, according to a report published Thursday by Analyst1.

The Russian-linked group has claimed some of this year’s biggest hacks. Its victims have included the UK’s Royal Mail-rte-company> and Japan’s biggest maritime port. But the syndicate’s financial haul has paled in comparison to some rival gangs, said Anastasia Sentsova, a ransomware cybercrime researcher who authored the report for cyber threat-intelligence firm Analyst1 …

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