The LockBit ransomware contains a feature that allows attackers to encrypt hundreds of devices in just a few hours once they’ve breached a corporate network.

LockBit is a fairly new Ransomware-as-a-Service (RaaS) that was launched in September of last year. The developers of the ransomware are in charge of maintaining its payment site and updates while affiliates sign up to distribute the malware. LockBit’s developers then earn around 25-40 percent of the ransom payments received while the affiliates earn a slightly larger share at 60-75 percent.

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