Over the last couple of years, ransomware has become the malware of choice for hackers worldwide. It's easy to understand why. Hackers using malware win in two different ways. First, if they successfully breach a corporation, they can steal copies of essential files and sell them on the black market. They can simultaneously demand a fat payout from the company itself.

A strain called Lockbit has been around since at least 2019 and aims to become the ransomware of choice in the hacking world. The code talent behind Lockbit has been working hard to upgrade their malicious code with increasingly advanced capabilities that make it more effective, more efficient, and harder to stop.

Even more troubling is that Lockbit's owners have been offering their code as 'ransomware-as-a-service' on the Dark Web. This allows hackers to rent the code for a relatively modest price, increasing its usage rate.

This 'ransomware-as-a-service' scheme has also accelerated the malware's development. This is because the coders get suggestions and requests from their rapidly growing user base, which are quickly incorporated into the code.

According to researchers at Trend Micro, Lockbit's popularity is booming, and it is now one of the most popular and widely used ransomware strains on the market today.

Trend's researchers indicated that much of Lockbit's current success stems from the fact that the hackers behind the code emulated the moves of the most successful cyber gangs of the past. The group also seems to have benefited from the recent disappearance of a few high-profile crews taken down by law enforcement officials worldwide.

The bottom line is that the people behind Lockbit know what they're doing. They have a growing experience and are committed to updating their code. Unfortunately, that means Lockbit will be a severe threat for the foreseeable future.

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