This week, international law enforcement officials announced the arrest of two LockBit ransomware gang members and the seizure of their web infrastructure, marking a significant victory in the fight against one of the most active ransomware gangs. This operation, dubbed “Operation Cronos,” involved agencies from around the world and resulted in the takedown of 34 data servers, freezing of over 200 cryptocurrency accounts, and the development of a decryption tool to aid LockBit’s victims. The operation’s success highlights a major step in combating cybercrime and ransomware attacks, which have affected countless organizations globally. This operation is a critical step in the ongoing battle against cybercrime, enhancing cybersecurity and reducing the threat of ransomware attacks.

Authorities have arrested two LockBit members, seized 34 servers and frozen more than 200 crypto addresses.

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