LockBit's Fed Hack Claims Debunked: Evolve Bank & Trust Targeted
Ransomware group LockBit has been making headlines recently, with claims of a significant data breach at the US Federal Reserve (Fed). However, investigations and official statements paint a different picture.
LockBit operates on a 'ransomware-as-a-service' model, seeking attention and relevance. In May, the US Department of Justice disrupted the group's activities, working with international partners.
Contrary to LockBit's claims, the Fed has not reported a breach. Instead, Truist is currently investigating a LockBit-related incident and has offered assistance to affected customers. LockBit alleges to have stolen 33 terabytes of data, including sensitive information about millions of Americans' bank transfers. However, the data published on the darknet after a June 25 deadline does not substantiate a Fed hack, but points to a breach at Truist.
Experts suggest that LockBit's Fed hack claim is a desperate attempt to gain influence in the darknet, rather than a display of strength. There is currently no indication that the Fed was actually hacked.
While LockBit's claims of hacking the US Federal Reserve have grabbed attention, investigations and official statements refute these allegations. Truist is the confirmed target, and customers are advised to stay vigilant and seek assistance if needed.
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