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The Financial Services Information Sharing and Analysis Center released a white paper on LockBit, one of the most prolific ransomware groups since 2019.
Background: LockBit runs a Ransomware-as-a-Service operation, which allows its “affiliates,” or customers, to deploy ransomware attacks using the LockBit product. LockBit and its affiliates are known to employ double extortion tactics, exfiltrating data before performing encryption to encourage ransom payment.
White Paper: The FS-ISAC white paper spotlights how LockBit gains access to victim networks, its encryption and exfiltration methods, and financial institution mitigation techniques.
ICBA Security Resources: Additional community bank security resources are available to ICBA members on ICBA’s Cyber and Data Security resource center.
Previous News
ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.
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Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Federal Deposit Insurance Corporation’s final rule implementing special assessments for the resolutions of Silicon Valley Bank and Signature Bank of New York.
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Nov 17, 2023
The FDIC board of directors voted 3-2 to approve its special assessment to replenish the Deposit Insurance Fund with an ICBA-supported exemption for the vast majority of community banks.
ImageNov 17, 2023
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