A UK official announced that Operation Cronos, involving law enforcement agencies from the UK, US, France, and Spain, has disrupted LockBit's ransomware-as-a-service operations through indictments, sanctions, and server takedowns. The operation led to the seizure of 35 LockBit servers and decryption keys, impacting LockBit's affiliate model. The UK government's wider strategy aims to combat ransomware by focusing on critical system protection and security improvements, with plans for mandatory patching and incident reporting legislation
Additionally, efforts are being made to enhance cyber resilience through secure-by-design policies, despite challenges in vendor adoption and market incentives. https://www.bankinfosecurity.com/operation-cronos-disrupting-lockbit-says-uk-official-a-26508