LockBit Ransomware Evolving Tactics and Pervasive Impact in 2023

LockBit ransomware is a highly impactful Ransomware-as-a-Service (RaaS) variant that targets critical sectors globally. Since 2020, victims in the US alone have paid around $91 million in ransom payments. LockBit continues to pose a significant threat, with recent instances reported as recently as May 2023.