LockFile employs a trio of vulnerabilities that are collectively known as ProxyShell to gain access to a targeted exchange server.
ProxyShell was given its name by Orange Tsai. Tsai is the Devcore Principal Security Researcher who initially chained them together to create the attack. All three issues had been known previously but it was Tsai who first thought to daisy chain them to create a new attack vector.
The issues are being tracked separately as follows:
All of these issues have already been patched per the notes above but of course there is no guarantee that they're patched on your network. Your IT staff may or may not have gotten around to applying the patches referenced above. If not then your network is at risk.
It should also be noted that hackers are actively scanning for Exchange servers vulnerable to ProxyShell attacks. So if your network is at risk then it's just a matter of time until LockFile finds you.
Bookmark this article to serve as a reference and have your IT staff double check to be sure that the patches referenced above have indeed been applied on your network. If they haven't then make sure they are as soon as possible in order to minimize your risk.
Very little is known about the LockFile gang and their motivations. It should be known that their ransomware is incredibly dangerous. Lack of action to protect vulnerable systems could have tragic consequences.