June 24th, 2024

LockBit claims to exfiltrate 33TB of data from US Federal Reserve

LockBit claims to have hacked the US Federal Reserve, raising concerns about cybersecurity. The extent of the breach and impact remain unclear as investigations continue.

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LockBit claims to exfiltrate 33TB of data from US Federal Reserve

LockBit claims to have hacked the US Federal Reserve, according to recent reports. The cybercriminal group LockBit has allegedly targeted the Federal Reserve in this latest cyber attack. The group has been active in the cybercrime landscape, and this incident adds to their list of high-profile targets. The extent of the breach and the potential impact on the Federal Reserve's operations are currently unclear. This development underscores the ongoing threat posed by ransomware groups and highlights the importance of robust cybersecurity measures to protect critical infrastructure and sensitive data. The Federal Reserve has not provided detailed information about the breach at this time, and investigations into the incident are likely ongoing to assess the full scope of the attack.

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By @I_Am_Nous - 5 months
Same group who claimed to have Fulton County, Georgia data, pushed back the pay deadlines, but never released anything after Fulton County didn't pay the ransom. I don't doubt they have actually hit targets but that seed of doubt is planted.
By @abeppu - 5 months
What data does the Fed actually deal with? The article mentions "Americans' banking secrets" as if the risk is to individuals but ... to oversee banks, does it need the particulars of individual account holders? Or is this information about banks and their overnight borrowing (i.e. should be "American banks' secrets")? Or is this like, pending drafts of various policy reports and granular data from which summaries would eventually be published?
By @jszymborski - 5 months
> Many experts are skeptical about the criminal group’s announcement. The Federal Reserve is a high-profile target, and a data breach could have serious repercussions. Many believe that the group’s announcement is just for attention.
By @kouunji - 5 months
If this is real, this is an incredible target to choose. I mean, you might not make it trial if they catch you, if you know what I mean. Makes me wonder what level of affiliation or perceived safety would make anyone this confident.
By @CaptainJustin - 5 months
One of the scary things about ransomware attacks is to think of the possibility of other actors having gotten in before and copied all the data. I can't imagine the security hole is always an unknown zero day.
By @creaghpatr - 5 months
Whenever these groups tout volume of data it seems like a marketing move to compensate for lack of meaningful insights, compromising info, etc
By @tmaly - 5 months
How long would it have taken them to transfer 33TB and where would they store it?
By @exabrial - 5 months
Placing a bet this was a Windows system, just as all of the other recent major "hacks" were.
By @turdistheword - 5 months
Would this be maybe their biggest target so far? If so, the $50,000 which has been offered seems a tad dreamy.