Federal Reserve Hack a HOAX!

Last week the notorious LockBit ransomware gang claimed to have stolen data from the US Federal Reserve. While rumors swirled skeptics were quick to point out that LockBit is in shambles after law enforcement heavily disrupted their operations within the last 12 months and even went so far as to identify and sanction the alleged leader of the gang Dmitry Khoroshev, offering a 10 million dollar reward for information leading to his arrest.

After the ransom deadline passed with little to no fanfare the threat fell flat and the online community was left wondering what if any data was compromised?

It turns out that Lockbit did in fact have banking data which is serious although not quite at the scale of a Federal Reserve breach.

Evolve Bank & Trust is the unfortunate target in this breach and has posted a response on their public site:

https://lnkd.in/eDaxqZ4y

The bank has already begun facing a wave a class action suits focusing on the exposure of clients personal information.

Key takaways:

NO the Federal Reserve was NOT Breached (thank goodness)

YES another US business was hit and hit hard. Damage to be determined.

Harden the Target, Stay Vigilant!

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