Global Law Enforcers Seek Trend Micro's Help in Taking Down Top Ransomware Threat Group LockBit [Yahoo! Finance]
TREND MICRO INC S/ADR (TMICY)
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Source: Yahoo! Finance
DALLAS Feb. 22, 2024 /PRNewswire/ -- Trend Micro Incorporated TYO: 4704 TSE: 4704 ), a global cybersecurity leader, today revealed its critical role in helping global law enforcement partners disrupt mega-ransomware group LockBit , and kill the viability of its long-term malware plans. Through undercover infiltration, Trend helped prevent the release of the group's next malware products and automatically installed protection for Trend Micro customers, even before the group themselves had finished testing. Robert McArdle , a leader in Trend Micro's cybercrime research team and collaborator with the Federal Bureau of Investigation (FBI) and National Crime Agency (NCA), said: "We are honored that our threat intelligence is uniquely valuable to global law enforcement in the shared mission to make the world safer." This group was responsible for about 25 percent* of all ransomware leaks in 2023 and caused billions of dollars in losses for thousands of global victims over the past four
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