PanaTimes

Monday, Mar 20, 2023

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

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

US Attorney General Merrick Garland said that US authorities working with German and Netherlands law enforcement took over Hive's website and servers after having infiltrated it for nearly seven months
The US Justice Department announced Thursday it had shut down the Hive ransomware operation, which had extorted more than $100 million from more than 1,500 victims worldwide.

US Attorney General Merrick Garland said that US authorities working with German and Netherlands law enforcement took over Hive's website and servers after having infiltrated it for nearly seven months.

The infiltration helped hundreds of companies avoid paying $130 million in extortion demands made after Hive hacked and froze their data systems.

Deputy Attorney General Lisa Monaco called the operation to infiltrate Hive a "21st-century cyber stakeout."

"We hacked the hackers," she said.

Hive operated as a ransomware service, meaning anyone could hire its software and other services to help hack into and lock down a target's IT systems, and to process payments. Hive and the client would share the profits from the extortion.

Since it first emerged in 2021 more than 1,500 companies and institutions have been hacked -- their IT systems or databases encrypted by Hive and backup deleted or rendered inaccessible.

The hackers would demand large payments, often in cryptocurrency, in exchange for freeing up the systems.

If victims refused to pay, Hive would publish confidential internal files and documents on the internet.

Victims included India's Tata Power, German retail giant Media Markt, Costa Rica's public health service, Indonesia's state gas company and multiple US hospital groups, according to cybersecurity advisors.

Early on Thursday, Hive's website on the dark web was frozen and a screen alternating in English and Russian said it had been taken over by the US Federal Bureau of Investigation.

US officials said that by breaking into Hive's dark-web site and collecting information, Justice authorities were able to obtain the digital keys necessary to unlock a victim's frozen data so that they were not forced to pay Hive.

This helped prevent a Texas school district, and Louisiana hospital, and an unnamed foods services company from having to pay millions of dollars in ransom after being hit by a Hive attack, for example, they said.

"For months, we helped victims defeat their attackers and deprived the Hive network of extortion profits," said Monaco.

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

The investigation involved the US FBI, the German Reutlingen Police Headquarters, the German Federal Criminal Police, the Netherlands National High Tech Crime Unit, and Europol.
Newsletter

Related Articles

PanaTimes
Close
0:00
0:00
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Drew Barrymore
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
Kamala Harris: "The United States has formally determined that Russia has committed crimes against humanity."
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments
Today's news from Britain - 9th February 2023
China has declined the US's request for Defense Secretary Lloyd Austin to speak with Chinese Defense Minister Wei Fenghe after the US Air Force shot down a suspected Chinese spy balloon, according to the Pentagon
The five largest oil companies in the West generated combined profits of nearly $200 billion in 2022, which has led to increased calls for governments to impose tougher windfall taxes
2 earthquakes in Turkey killed over 2,300 people
U.S. added 517,000 jobs in January, snapping five-month string of slowing employment growth
×