Biggest hack, if confirmed

If confirmed, the Federal Reserve breach would turn into one of the biggest banking hacks in US history. Being the central banking system of the country, the Federal Reserve operates twelve banking districts, home to major cities like Boston, New York, Dallas, Chicago, and San Francisco.

Although the Federal Reserve is yet to issue a statement on the claim, LockBit hinted at a negotiation that is apparently underway between the parties. “You better hire another negotiator within 48 hours, and fire this clinical idiot who values Americans’ bank secrecy at $50,000,” the LockBit post said, remarking the hack contains “33 terabytes of juicy banking information containing Americans’ banking secrets.”

“It’s pretty rare for a ransomware group, like LockBit, to publicly dunk on a ransomware negotiator,” said John Bambenek, president at Bambenek Consulting, a cybersecurity consulting firm.