LockBit holds 33TB of stolen data and its ransom deadline is up: What’s next and is it real or hoax?

by | Jun 25, 2024 | Technology

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The notorious — and notoriously aggressive — ransomware gang LockBit is top of the cybersecurity headlines once again, after its bold claim that it successfully hacked 33 terabytes of sensitive data from the Federal Reserve. Further, the group has insinuated that the feds offered up just $50,000 to keep it from leaking that data — which LockBit has purportedly just done because its demands were not met. 

LockBit mocked and taunted government negotiators on its leak site, saying: “33 terabytes of juicy banking information containing Americans’ banking secrets. You better hire another negotiator within 48 hours, and fire this clinical idiot who values Americans’ bank secrecy at $50,000.”

The United States Federal Reserve has been allegedly hacked by a ransomware group called LockBit.The declaration was made through a post on the Dark Web.The group claims to have extracted 33 terabytes of sensitive banking information.The data reportedly includes… pic.twitter.com/xgdGjExTQd— Shadow of Ezra (@ShadowofEzra) June 24, 2024

The claim comes just months after an international task force took down the group’s infrastructure (34 servers and 14,000 accounts) and authorities arrested its top alleged leaders. Considering this toppling, many industry experts and watchers are skeptical of whether the claim is true — but given the group’s past tactics, it’s not out of the realm of possibility, either. 

“At this stage we sense that LockBit’s announcement might be a hoax,” said Aviral Verma, lead threat intelligence analyst for Securin. “The group has not published any samples of stolen data, against their usual MO.”

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Don’t miss OpenAI, Chevron, Nvidia, Kaiser Permanente, and Capital One leaders only at VentureBeat Transform 2024. Gain essential insights about GenAI and expand your network at this exclusive three day event. Learn More

The notorious — and notoriously aggressive — ransomware gang LockBit is top of the cybersecurity headlines once again, after its bold claim that it successfully hacked 33 terabytes of sensitive data from the Federal Reserve. Further, the group has insinuated that the feds offered up just $50,000 to keep it from leaking that data — which LockBit has purportedly just done because its demands were not met. 

LockBit mocked and taunted government negotiators on its leak site, saying: “33 terabytes of juicy banking information containing Americans’ banking secrets. You better hire another negotiator within 48 hours, and fire this clinical idiot who values Americans’ bank secrecy at $50,000.”

The United States Federal Reserve has been allegedly hacked by a ransomware group called LockBit.The declaration was made through a post on the Dark Web.The group claims to have extracted 33 terabytes of sensitive banking information.The data reportedly includes… pic.twitter.com/xgdGjExTQd— Shadow of Ezra (@ShadowofEzra) June 24, 2024

The claim comes just months after an international task force took down the group’s infrastructure (34 servers and 14,000 accounts) and authorities arrested its top alleged leaders. Considering this toppling, many industry experts and watchers are skeptical of whether the claim is true — but given the group’s past tactics, it’s not out of the realm of possibility, either. 

“At this stage we sense that LockBit’s announcement might be a hoax,” said Aviral Verma, lead threat intelligence analyst for Securin. “The group has not published any samples of stolen data, against their usual MO.”

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