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LockBit Threat Actors Release LockBit 3.0 with New “Bug Bounty” Program

LockBit 3.0 launched a bug bounty program and affiliate rules. Learn what the ransomware-as-a-service group announced and how to defend your organisation.

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LockBit Threat Actor Ransomware

LockBit 3.0, also known as LockBit Black, is a ransomware-as-a-service operation in which affiliates carry out attacks using the group’s tools and infrastructure. Its operators announced version 3.0 together with a bug bounty program and rules for affiliates. The group is a ransomware threat, so the best defense is up-to-date software, caution with unknown emails and trained staff.

What is the LockBit 3.0 bug bounty program?

LockBit Ransomware threat actors announced the release of version 3.0 of LockBit Ransomware. With the new version, the LockBit Bug Bounty program, a first for the Dark Web, has been launched. In addition, a statute containing the rules for potential affiliates participating in the affiliate program in the new version of LockBit, which is based on the RaaS (Ransomware as a Service) model, has been published. With the launching of the Bug Bounty program, LockBit invites security researchers and hackers to join the program, noting that it will offer rewards for threat actors, high-profile targets, security vulnerabilities, and more (PII). Although it is claimed that high amounts of rewards will be given to the participants in the program in question, it should be noted that LockBit is a Ransomware threat group.

How can you protect against LockBit 3.0?

In order not to be the target of attacks that can be carried out using the new LockBit 3.0 version released in this context;

Frequently Asked Questions.

What is LockBit 3.0?

LockBit 3.0, also known as LockBit Black, is a ransomware-as-a-service operation where affiliates attack victims using LockBit tools and infrastructure, according to CISA.

What is the LockBit bug bounty program?

The operators announced it with version 3.0 and invited researchers and hackers to take part, offering rewards for finding flaws. BleepingComputer reported rewards from $1,000 to $1 million and called it the first such program from a ransomware operation.

How can organizations defend against LockBit?

CISA advises keeping operating systems, software and firmware up to date, requiring phishing-resistant multifactor authentication and raising awareness of phishing.

When did LockBit 3.0 first appear?

Sources differ. CISA's advisory says March 2022, while MITRE ATT&CK says it has been in use since at least June 2022.

Sources

  1. 1 CISA: #StopRansomware: LockBit 3.0 (AA23-165A)
  2. 2 MITRE ATT&CK: LockBit 3.0 (S1202)
  3. 3 BleepingComputer: LockBit 3.0 introduces the first ransomware bug bounty program