“The LockBit ransomware variant, like other major ransomware variants, operates in the ‘ransomware-as-a-service’ (RaaS) model, in which administrators, also called developers, design the ransomware, recruit other members — called affiliates — to deploy it, and maintain an online software dashboard called a ‘control panel’ to provide the affiliates with the tools necessary to deploy LockBit,” the DOJ press release said. Source: https://www.coindesk.com/policy/2024/02/20/us-bans-crypto-addresses-tied-to-lockbit-ransomware-group-from-financial-system/?utm_medium=referral&utm_source=rss&utm_campaign=headlines