Ransomware Gang LockBit Revises Its Tactics as Payouts Slip

LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd., among others, has revised the way it tries to blackmail victims because it’s disappointed with lower-than-expected ransom payments, according to a report published Thursday by Analyst1.

The Russian-linked group has claimed some of this year’s biggest hacks. Its victims have included the UK’s Royal Mail and Japan’s biggest maritime port. But the syndicate’s financial haul has paled in comparison to some rival gangs, said Anastasia Sentsova, a ransomware cybercrime researcher who authored the report for cyber threat-intelligence firm Analyst1 ...