US indicts LockBit ransomware ringleader, offers $10 million reward
Briefly

The Department of Justice has unsealed charges against a Russian national, Dmitry Yuryevich Khoroshev, for allegedly developing and administering the LockBit ransomware, termed as one of 'the most prolific and destructive ransomware groups in the world.' Khoroshev's involvement dates back to LockBit's emergence in September 2019, with attacks impacting over 2,500 victims worldwide and generating $500 million in ransom payments.
LockBit operates on a ransomware-as-a-service model, enabling cybercriminals to purchase or rent the ransomware for attacks. The ransomware has been connected to high-profile incidents like the attacks on the UK's Royal Mail service, a children's hospital, and a Canadian town. US and UK law enforcement actions previously seized LockBit's infrastructure and indicted other affiliates, showcasing collaborative efforts to combat cyber threats.
Read at The Verge
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