US Bank investigates LockBit's claims as ransomware crims set pay-or-leak deadline

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US Bank says that it's investigating ransomware crew LockBit’s claims that it breached the financial institution and stole data, which the crims threaten to leak on September 3 unless the bank pays an extortion demand.

“We’re aware of claims regarding a potential cybersecurity incident,” Lee Henderson, US Bank VP of public affairs, said in an emailed statement to The Register. The bank declined to answer specific questions about the claims, including whether it has communicated with the extortionists and how much LockBit demanded.

If the extortionists’ claims are true, and even if the bank pays the ransom demand, there’s still no guarantee that the digital thieves will delete the stolen files. When cops took down an earlier iteration of LockBit in 2024, they found evidence that the crooks retained victim data - even after the victims paid the extortion demands.

“At this time, there is no indication...

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