LockBit hacked the US Federal Reserve System

27 June 2024 2 minutes Author: Newsman

LockBit, a Russian-linked group, has claimed to have hacked the US Federal Reserve System, claiming to have stolen 33 terabytes of data, although some experts question the veracity of these claims.

The LockBit group, known for its cybercriminal activities, said over the weekend that it had hacked the US Federal Reserve System by posting the information on its blog. They claim to have stolen 33 terabytes of data from an independent US government financial institution. However, there are doubts among experts and researchers about the veracity of this claim, as there are no samples of stolen data that are usually published to support such claims.

Threat researcher Dominic Alvieri was the first to report LockBit’s announcement on Twitter, posting a screenshot from a LockBit victim blog. The Federal Reserve System is currently not commenting on these developments. The Federal Reserve website is up and running and all services, including the Central Bank, FedACH and Fedwire Funds, are functioning normally.

The LockBit group appeared in 2019 and has been successfully evading law enforcement since then. This spring, an international operation led by the FBI and Interpol dealt a major blow to the group, seizing its infrastructure and a dark leak site, as well as 7,000 decryption keys that were distributed to hundreds of LockBit victims. However, the group quickly resumed its activities and continues to carry out attacks.

If true, this would be a significant success for LockBit, which in 2023 has already attacked major companies such as Boeing and the UK’s Royal Mail. However, the lack of samples of stolen data and speculation that their dark blogging platform is displaying a “502 Bad Gateway” error casts doubt on the reality of this attack. Despite this, LockBit continues to threaten to publish the stolen data on June 25.

The prevailing opinion among experts is that this statement may be a bluff aimed at provoking a reaction from US law enforcement agencies, which have been actively pursuing the LockBit group in recent months.

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