LockBit hackers initially threatened Boeing that they would leak 4GB of files if the latter did not comply with its request. However, the aerospace firm refused to pay a ransom.
The cybercrime gang infects a victim organisation s system with ransomware - malicious software that encrypts data - and then coerces targets into paying ransom to decrypt or unlock it. Such ransom is usually demanded in the form of cryptocurrency, which is harder to trace and gives the receiver anonymity.
What is ICBC? What are ransomware attacks? Who is behind this cyber attack? What has its impact been? How have authorities responded to the ongoing ransomware ‘crisis’?