Security News > 2023 > January > FBI takes down Hive ransomware group

The FBI has revealed the results of a month-long campaign designed to thwart an infamous ransomware group known for extorting hospitals, school districts and critical infrastructure.

Since the FBI's campaign started, more than 300 decryption keys have been given to Hive victims under attack, while more than 1,000 were provided to victims of the gang's previous attacks.

Surfacing in 2021, Hive launched a series of attacks that quickly made it one of the most active and prominent ransomware groups.

Employing the ransomware-as-a-service model, Hive develops the necessary ransomware tools and technologies and then recruits affiliates to carry out the actual attacks.

After the ransom is received, Hive affiliates and administrators split the money 80/20, according to the FBI. Using the RaaS model, Hive has targeted a variety of sectors, including hospitals, school districts, financial firms and critical infrastructure.

Hive is known for double extortion tactics in which the attackers not only decrypt the data to prevent its victims from accessing it but threaten to publicly leak the information unless the ransom is paid.

News URL

https://www.techrepublic.com/article/fbi-takes-down-hive-ransomware-group/