Connect with us

Hi, what are you looking for?

HEADLINES

Trend Micro Inc. helps global law enforcement partners

Robert McArdle, a leader in Trend Micro’s cybercrime research team and collaborator with the Federal Bureau of Investigation (FBI) and National Crime Agency (NCA), said: “We are honored that our threat intelligence is uniquely valuable to global law enforcement in the shared mission to make the world safer.”

Trend Micro Incorporated, a global cybersecurity player, revealed its critical role in helping global law enforcement partners disrupt mega-ransomware group LockBit, and kill the viability of its long-term malware plans. Through undercover infiltration, Trend helped prevent the release of the group’s next malware products and automatically installed protection for Trend Micro customers, even before the group themselves had finished testing.

Robert McArdle, a leader in Trend Micro’s cybercrime research team and collaborator with the Federal Bureau of Investigation (FBI) and National Crime Agency (NCA), said: “We are honored that our threat intelligence is uniquely valuable to global law enforcement in the shared mission to make the world safer.”

This group was responsible for about 25 percent* of all ransomware leaks in 2023 and caused billions of dollars in losses for thousands of global victims over the past four years. Due to the potential damage that this group can cause, the Philippine National Police (PNP) last year warned Filipinos about LockBit and recommended several cyber hygiene practices to avoid becoming a victim to the group.

McArdle continued, “Last week Trend secured global Microsoft users from a critical vulnerability and this week we were a part of dethroning the most critical threat actor group in the world. Now, insiders aren’t naïve enough to assume this will eliminate the crime group, but we know that no sane criminal would want to be involved with this group again.”

Advertisement. Scroll to continue reading.

Details from behind the scenes are unfolding and include cryptocurrency seizure, arrests, indictments, imposing sanctions and additional technical support for victims. The operation took over LockBit’s leak site, disclosing information and personal identities of group members and details of their previous works. These actions essentially make the group unwelcome and untrusted in the cybercrime world—and therefore unviable as an underground business.

Ransomware is one of the most serious cyber threats facing organizations today, known for disrupting schools, hospitals, governments, and businesses and imperiling critical national infrastructure. It does all of this while lining the pockets of a few small cybercrime groups: last year, victims paid over $1 billion to these groups and their affiliates, a record figure.

This work ultimately supported the following outcomes:

  • Trend’s delivery of protection in advance against LockBit-NG-Dev for its customers.
  • The neutralization of a potentially prolific strain of ransomware—preventing its use in future enterprises these actors may look to run.
  • A law enforcement operation that will hopefully see the end of LockBit as we know it and sets a new benchmark for international collaboration across law enforcement and private partners.

While LockBit was, without doubt, the largest and most impactful Ransomware operation globally, this disruption makes it very clear that all criminal affiliates should strongly reconsider any involvement with them in the future and that in partnering with this organization, these associates have put themselves at increased risk of law enforcement action.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

Tech startup Packworks, through its mobile sari-sari store app and business intelligence tool Sari IQ, has found that sari-sari stores made significant sales of premium...

HEADLINES

Speaking at the UP College of Mass Communication’s “Caring for CMC, Conversations 2025” event last February 19, Ana Pista championed the strategic integration of...

HEADLINES

Converge ICT Solutions Inc. has taken on the responsibility of empowering the next generation with the knowledge required to navigate the digital world safely.

HEADLINES

This feature benefits users, such as freelancers, international students and expats in the country, to receive payments in Philippine Pesos (PHP) with zero fees...

HEADLINES

The shared services arm was honored at the Asia CEO Awards in the Top Employer of the Year and Service Excellence Company of the...

HEADLINES

Igloo and Salmon are strengthening their partnership in 2025 with the launch of Gadget Protection in the Philippines. This new offering will cover device...

HEADLINES

Under the partnership, TP has acquired an equity stake in Sanas through the tech start-up's Series B funding round and will become the exclusive...

HEADLINES

The Philippines continues to be a crucial market for remittances, which form a vital part of the country’s economy.

Advertisement