Hive ransomware group disrupted by worldwide regulation enforcement

By Sarah N. Lynch and Raphael Satter

WASHINGTON (Reuters) -The Hive ransomware gang has been disrupted by worldwide regulation enforcement motion, in response to an individual conversant in the matter and an announcement posted to the group’s web site.

A flashing message posted to Hive’s web page stated: “The Federal Bureau of Investigation seized this web site as a part of coordinated regulation enforcement motion taken towards Hive Ransomware.”

The Federal Bureau of Investigation and the European regulation enforcement group Europol didn’t instantly return messages searching for remark however the individual conversant in the matter stated a Division of Justice announcement was coming imminently.

Reuters was not instantly capable of find contact particulars for Hive.   

Hive is considered one of a variety of cybercriminal teams that extort worldwide companies by encrypting their information and demanding huge cryptocurrency funds in return.

In an alert distributed in November, the FBI stated that cybercriminals tied to Hive had victimized greater than 1,300 corporations worldwide and raked in roughly $100 million in ransom funds.

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