US Shuts Down Ransomware Group “Hive” That Extorted Over $100 Million



The hackers would demand giant funds, typically in cryptocurrency, in trade for releasing up techniques


The US Justice Division introduced Thursday it had shut down the Hive ransomware operation, which had extorted greater than $100 million from greater than 1,500 victims worldwide.

US Lawyer Normal Merrick Garland stated that US authorities working with German and Netherlands legislation enforcement took over Hive’s web site and servers after having infiltrated it for almost seven months.

The infiltration helped tons of of firms keep away from paying $130 million in extortion calls for made after Hive hacked and froze their knowledge techniques.

Deputy Lawyer Normal Lisa Monaco referred to as the operation to infiltrate Hive a “21st-century cyber stakeout.” 

“We hacked the hackers,” she stated.

Hive operated as a ransomware service, that means anybody may rent its software program and different providers to assist hack into and lock down a goal’s IT techniques, and to course of funds. Hive and the consumer would share the earnings from the extortion. 

Because it first emerged in 2021 greater than 1,500 firms and establishments have been hacked — their IT techniques or databases encrypted by Hive and backup deleted or rendered inaccessible.

The hackers would demand giant funds, typically in cryptocurrency, in trade for releasing up the techniques.

If victims refused to pay, Hive would publish confidential inner information and paperwork on the web.

Victims included India’s Tata Energy, German retail big Media Markt, Costa Rica’s public well being service, Indonesia’s state gasoline firm and a number of US hospital teams, in response to cybersecurity advisors.

Early on Thursday, Hive’s web site on the darkish net was frozen and a display alternating in English and Russian stated it had been taken over by the US Federal Bureau of Investigation.

US officers stated that by breaking into Hive’s dark-web website and amassing data, Justice authorities had been in a position to get hold of the digital keys essential to unlock a sufferer’s frozen knowledge in order that they weren’t compelled to pay Hive.

This helped forestall a Texas faculty district, and Louisiana hospital, and an unnamed meals providers firm from having to pay thousands and thousands of {dollars} in ransom after being hit by a Hive assault, for instance, they stated.

“For months, we helped victims defeat their attackers and disadvantaged the Hive community of extortion earnings,” stated Monaco.

US authorities wouldn’t say who’s behind Hive or whether or not any arrests would accompany the shutdown of the operation, saying the investigation is ongoing.

The investigation concerned the US FBI, the German Reutlingen Police Headquarters, the German Federal Felony Police, the Netherlands Nationwide Excessive Tech Crime Unit, and Europol.

(Aside from the headline, this story has not been edited by Timesof24 workers and is printed from a syndicated feed.)

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