In a dramatic turn, the LockBit ransomware group has claimed to have stolen a vast trove of files from the US Federal Reserve and Evolve Bank and Trust, alleging a breakdown in ransom negotiations. The group threatened to release 33 terabytes of sensitive banking data if their demands weren't met, accusing the Federal Reserve of undervaluing American bank secrecy. This escalation follows a cease-and-desist order issued to Evolve Bank for banking violations by federal regulators. Despite skepticism from cybersecurity experts about the claims' validity, the incident underscores ongoing cybersecurity threats to critical institutions like the Federal Reserve.
The Russian-affiliated group released 21 unique URLs containing files that appear to be parent directories, torrents, and compressed archive files from another US financial institution, Evolve Bank and Trust.
The bank and its parent business, Evolve Bancorp Inc., were recently singled out by the Federal Reserve for engaging...
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