The Billion Dollar Cost of Cybercrime: Lessons from the LockBit Takedown
The recent LockBit group take down has shown the world at large the cost of cybercrime. Initially it was reported that just over $100 million had been gathered through the nefarious acts of this particular group but, as I suspected, that initial figure was just a drop in the ocean. It turns out that the real figure was in excess of $1 billion dollars over the last four years, and I still suspect this may be more.