Click Here Mic Drop: The demise of ransomware and the rise of crypto
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Jan 3, 2025 In this intriguing discussion, Alexander Leslie, a threat intelligence analyst at Recorded Future, dives into the dramatic changes in cybercrime. He reveals how 2024 was a pivotal year for takedowns, especially against the notorious Lockbit group. Leslie explains the shifting strategies of cybercriminals in response to intensified law enforcement pressure. The conversation also highlights the delicate balance between cryptocurrency regulations and cybercrime, emphasizing how political views are evolving and what this means for the future of ransomware.
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Lockbit Takedown
- Law enforcement agencies targeted Lockbit, a prominent ransomware group, in 2024.
- This takedown involved seizing servers, obtaining source code, and accessing internal chats.
Ransomware-as-a-Service
- Lockbit operated as a ransomware-as-a-service, offering tools and support for cybercriminals.
- This takedown disrupted the ransomware ecosystem, causing groups to fragment and become harder to track.
Targeting the Supply Chain
- Law enforcement targeted the ransomware supply chain, disrupting various stages of attack preparation.
- This included cracking down on info-stealers, seizing malicious code development sites, and infiltrating cybercriminal forums.