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The LockBit takedown is a victory, but it may be fleeting

Matthew A. Corwin CISA, CISSP, CDPSE, AAIA February 22, 2024

Law enforcement agencies in the U.S., U.K., and Europe have disrupted the operations of the ransomware group LockBit, leading to arrests and seizure of assets. While this brings temporary relief to victims, experts doubt long-term benefits. Matt Corwin highlights, “This leads to competition for affiliates among the ransomware groups, so the disruption of LockBit creates a vacuum that other groups may look to fill.” Despite takedowns, ransomware remains a lucrative industry, with groups reemerging under new names. Ultimately, there’s a call for concerted efforts from governments, the security industry, and insurers to address the ransomware menace comprehensively.

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Matthew A. Corwin CISA, CISSP, CDPSE, AAIA

Senior Managing Director

Matthew A. Corwin has more than 20 years of experience specializing in privacy, regulatory compliance, and cybersecurity with specialized hands-on experience directing the implementation and integration of secure design principles and service engineering initiatives leveraging the latest technologies. He has a successful track record of facilitating technology-business alignment while balancing risk exposure and corporate growth. Mr. Corwin also has extensive expertise in analyzing technical architecture to attain and demonstrate best-in-class industry and regulatory standards compliance in global environments.
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