LockBit ransomware has extorted $91 million from U.S. companies

LockBit ransomware-as-a-service companies have rorted more than $91 million from U.S. organizations since the beginning of 2020.

The company’s latest ransomware, LockBit Green, is based on code from the now-disbanded Conti gang and uses patented technology such as a beachhead –a self-execute mechanism that allows attackers to execute their ransomware on an organization’s BIOS before it boots up.

The developments also follow an advisory highlighting threats to base-board management controller (BMC) implementations that could potentially enable threat actors to establish a pre-boot execution potential.

Ransomware vendor Trend Micro unveils a new ransomware called Lockbit Red, which it says has already caused at least 1,653 ransomware attacks to date.

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