Tag: Security News | TechCrunch

US sanctions LockBit members after ransomware takedown

The U.S. government has sanctioned two key members of LockBit, the Russian-speaking hacking and extortion gang accused of launching ransomware attacks against victims across the U.S. and internationally. In a post on Tuesday, the U.S. Treasury confirmed it is sanctioning…

Why are ransomware gangs making so much money?

For many organizations and startups, 2023 was a rough year financially, with companies struggling to raise money and others making cuts to survive. Ransomware and extortion gangs, on the other hand, had a record-breaking year in earnings, if recent reports…

LockBit claims cyberattack on Indian broker Motilal Oswal

The prolific ransomware gang LockBit has claimed responsibility for hacking one of India’s top brokerage firms, Motilal Oswal. Indian authorities say they are aware and investigating the incident. On Tuesday, LockBit added the Indian brokerage giant Motilal Oswal to its…