Royal Mail Ransom Demand Transcript: Postal Service Called LockBit Ransomware Group’s $80M Demand “Ludicrous,” Attackers Wouldn’t Budge Much on Price - CPO Magazine
CPO Magazine's February 2023 article reports that leaked chats suggest the LockBit attack on Royal Mail would have cost at least $70 million. Casey Ellis, founder and CTO of Bugcrowd, notes that leaked ransomware negotiations are rare and offer unusual insight into how attackers pressure victims over time, if the logs are authentic.
Source description, as published
LockBit ransomware attack that severely hampered Royal Mail's international delivery system would have cost no less than $70 million, according to chats leaked by the attackers. The original ransom demand was $80 million.
Inventors / authors: Scott Ikeda