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Ransomware has been around for many years. The evolution of its capabilities and implementation has accelerated it’s impact on contemporary society. Governmental agencies and cybercrime groups have been involved in this cat-and-mouse game for quite some time, and the reality is that this game will not end anytime soon.

Recently the FBI announced a major blow to one of the biggest cybercrime groups in the field: LockBit. The following will provide a brief overview of the history of ransomware, how LockBit became a prominent player and what companies can do to reduce the probabilities of becoming a victim or deal with it effectively if they become a victim.

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