The RaaS group LockBit that has been in operation since early 2020, grew to become one of the largest RaaS groups in the ransomware ecosphere and was responsible for 25% to 33% of all ransomware attacks in 2023.
The group has claimed thousands of victims and was, by far, the biggest financial threat actor group in 2023. The LockBit group operated using an affiliate model, whereby the group claimed 20% of ransom payments with the remainder going to affiliates responsible for the ransomware attacks. This report outlines how LockBit operated, and most importantly, the subsequent activity Trend Micro researchers observed following the disruption of its operations.
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Source: Trend Micro