LockBit

LockBit is a type of ransomware, a malicious software designed to block access to a computer system or data until a ransom is paid. Typically used by cybercriminals, LockBit encrypts files on infected systems, making them inaccessible. The attackers then demand payment, often in cryptocurrency, in exchange for a decryption key. It is known for its automation and speed, allowing it to infect multiple systems quickly. Organizations need strong cybersecurity practices to prevent infection, as paying the ransom does not guarantee data recovery and may encourage further attacks.