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LockBit Claims Fed Hack, But Leaked Data Points to Evolve Bank & Trust

LockBit's bold claim of hacking the Fed raises doubts. Leaked data points to a different target, leaving the situation under investigation.

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LockBit Claims Fed Hack, But Leaked Data Points to Evolve Bank & Trust

The ransomware group LockBit has made a bold claim, asserting that it hacked the Truist Federal Reserve (Fed) and stole a massive 33 terabytes of sensitive data. However, the leaked data thus far points to a different target: Evolve Bank & Trust.

LockBit, operating on a 'ransomware-as-a-service' model, has sought attention and relevance. After the US Department of Justice disrupted their operations and filed charges in May, LockBit's claim of hacking the Fed could be seen as a desperate attempt to regain prominence.

The group claims the Fed offered $50,000 not to publish the data, with a deadline of June 25 for a more serious counteroffer. However, the data published so far does not support LockBit's claim. Instead, it indicates that Evolve Bank & Trust was the actual target. The bank is currently investigating the incident and has involved law enforcement to assist affected customers.

Despite LockBit's claims, the leaked data does not provide evidence of a Fed hack. The situation remains under investigation, with Evolve Bank & Trust and law enforcement working together to address the incident. The true extent of the data breach and its impact remain to be seen.

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