Hive Ransomware Gang Loses Its Honeycomb, Thanks to DoJ | ICT Security-Sécurité PC et Internet | Scoop.it

The Feds have disrupted the prolific Hive ransomware gang, saving victims from a collective $130 million in ransom demands. But it remains to be seen how much of a blow the effort will be to the overall ransomware landscape.

The group's operations have been buzzing with activity for months, racking up more than 1,500 victims in 80-plus countries around the world since it appeared in June 2021, according to an announcement from the US Justice Department. The gang has been operating with a ransomware-as-a-service (RaaS) model, engaging in data theft and double extortion, and delivering its venom indiscriminately to school districts, financial firms, critical infrastructure, and others. At least one affiliate has become a bit of a hospital specialist, disrupting patient care in some attacks.

 

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