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HomeCyber SecurityBoeing refused to pay $200 million ransomware demand from LockBit gang

Boeing refused to pay $200 million ransomware demand from LockBit gang


Boeing has confirmed that it acquired a requirement for a large $200 million after a ransomware assault by the infamous LockBit hacking group in October 2023.

The corporate confirmed its hyperlink to the indictment of Dmitry Yuryevich Khoroshev, who was recognized this week by the US Division of Justice because the true id of LockBitSupp, the kingpin of the LockBit gang.

The indictment particulars Khoroshev’s alleged prison actions and references “a multinational aeronautical and protection company headquartered in Virginia” that acquired a ransom demand equal to roughly $200 million.

Though unnamed within the indictment (the corporate is known as a “Sufferer-15”) Boeing confirmed to Cyberscoop that it was the organisation which was being described.

If the $200 million determine is correct, it could be one of many very highest ransom calls for ever made by cyber-extortionists.

In late October 2023, LockBit’s leak website introduced that it had exfiltrated a “large quantity of delicate information” from Boeing and threatened to publish it if cost was not made by 2 November 2023.

On the time, Boeing mentioned that attackers had impacted its components and distribution enterprise, however that there had been no compromise to plane or flight security.

In the end, LockBit did publish some 43GB of information they claimed had been stolen from Boeing, claiming that negotiations with Boeing for the ransom cost had damaged down.

Boeing deserves credit score for not caving to strain from its LockBit attackers. It appears the extortionists bit off greater than they may chew when asking for such an astronomical ransom cost.  The overly-optimistic demand possible fell flat as a result of the hackers overestimated the stolen data’s value.

Earlier this week, worldwide legislation enforcement businesses introduced that sanctions had been positioned on Khoroshev by the US, UK, and Australian authorities.

LockBitSupp, in the meantime, has posted denials that their true id is Dmitry Yuryevich Khoroshev and says that legislation enforcement businesses have gotten the fallacious individual of their sights.

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