Flash Report: LockBit Ends 2023 with Record Number of Attacks

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Key Findings

  • Ransomware & Digital Extortion (R&DE) threat collective LockBit conducted more attacks during Q4 2023 (October-December) than in any other quarter, despite their activity accounting for a significantly reduced proportion of the wider threat landscape’s activity.
  • It is almost certain that LockBit is benefitting from the December disruption of other R&DE collectives—particularly through procuring affiliates from ALPHV and NoEscape.
  • A greater proportion of LockBit’s attacks were leveraged against the manufacturing and retail industries in Q4 2023, both of which are above the threat landscape average.