FBI Announces Takedown of Hive Ransomware Network

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FBI Announces Takedown of Hive Ransomware Network
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The cybercrime group targeted infrastructure and persons of interest, encrypting their data and demanding cryptocurrency in exchange for decryption.

The FBI announced the takedown of Hive, a ransomware network with members across multiple states in Europe and North America, in a recent press release.Despite the efforts of the FBI, the network was tough to crack. However, in July of 2022, law enforcement was able to penetrate the cybercrime group’s control center, gaining access to the decryption keys that were to be given to victims who paid the requested ransom.

“The coordinated disruption of Hive’s computer networks, following months of decrypting victims around the world, shows what we can accomplish by combining a relentless search for useful technical information to share with victims with investigation aimed at developing operations that hit our adversaries hard.

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