Swiss software/IT firm

Swiss software/IT firm

The LockBit ransomware-as-a-service (RaaS) operation has netted around $2.3 million USD within 5 months, with the operators taking a 20% cut. A significant data leak from the May 2025 hack of a LockBit affiliate panel revealed that one affiliate successfully extorted $2 million from a Swiss software/IT firm. This attack highlights the financial impact and the potential for significant data leaks within the organization.

Source: https://www.helpnetsecurity.com/2025/06/12/lockbit-data-leak-targets-ransoms/

TPRM report: https://scoringcyber.rankiteo.com/company/swissquant-group-ag

"id": "swi436061725",
"linkid": "swissquant-group-ag",
"type": "Ransomware",
"date": "6/2025",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"
{'affected_entities': [{'industry': ['Manufacturing',
                                     'Consumer Services',
                                     'Finance',
                                     'Software/IT',
                                     'Government'],
                        'location': ['China', 'US', 'Taiwan', 'Russia']}],
 'attack_vector': 'Ransomware-as-a-Service (RaaS)',
 'date_detected': '2025-05-01',
 'description': 'The LockBit ransomware-as-a-service (RaaS) operation has '
                'netted around $2.3 million USD within 5 months, the data leak '
                'stemming from the May 2025 hack of a LockBit affiliate panel '
                'has revealed. From that sum, the operators took their 20% cut '
                '(approximately USD 456,000), and they additionally “earned” '
                'some $10,000-$11,000 USD from affiliates that registered '
                'through the panel. The US DoJ previously estimated that '
                'LockBitSupp – the leader of the LockBit outfit – “earned” '
                'around $100 million USD between 2019 and 2024.',
 'impact': {'data_compromised': 'Details on LockBit ransomware affiliates, '
                                'victim organizations, chat logs, '
                                'cryptocurrency wallets and ransomware build '
                                'configurations',
            'financial_loss': '$2.3 million USD'},
 'investigation_status': 'Ongoing',
 'lessons_learned': 'The data leak reveals the complex and less glamorous '
                    'reality of ransomware activities, indicating that while '
                    'profitable, it’s far from perfectly orchestrated. The '
                    'incident also highlights the importance of international '
                    'cooperation in law enforcement efforts against '
                    'cybercrime.',
 'motivation': 'Financial Gain',
 'ransomware': {'data_encryption': True,
                'ransom_demanded': ['$2,000 to $40,000 USD', '$2 million USD'],
                'ransomware_strain': 'LockBit'},
 'references': [{'source': 'Trellix'}],
 'response': {'law_enforcement_notified': True},
 'threat_actor': 'LockBit',
 'title': 'LockBit Ransomware-as-a-Service (RaaS) Operation',
 'type': 'Ransomware'}
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