State Department Offers $10 Million to Find Hive Ransomware Attackers | #ransomware | #cybercrime

The US State Department is now offering up to $10 million to anyone with information about the leaders of the Hive ransomware group, the government office announced Thursday.

A separate $5 million reward is also being promised to anyone who provides information about individuals “conspiring to participate or attempting to participate” in a Hive attack that results in an arrest or conviction.

This offer comes two weeks after the US Justice Department announced that the Federal Bureau of Investigations (FBI) had secretly infiltrated Hive’s network back in July 2022 and had been monitoring it for months, saving Hive ransomware victims from an estimated $130 million in losses by giving victims their decryption keys.

US Assistant Attorney General Lisa Monaco previously said government agents got into Hive’s network by hacking the hackers, but did not share further details on how exactly the FBI managed to breach Hive’s systems.

It’s unclear whether the US government has already identified any Hive members or not. Since the malicious group’s inception in 2021, Hive affiliates have managed to swipe over $100 million in ransomware payments from more than 1,500 victims around the world.

Hive sells ransomware to cyberattackers under a “ransomware-as-a-service” model. According to the US Cybersecurity and Infrastructure Security Agency (CISA), Hive affiliates typically use phishing techniques via emails with malicious attachments to steal victims’ data and then encrypt victims’ devices, locking them out. The attackers then present victims with an ultimatum, where their data will be released if they don’t pay the ransom to unlock their devices.

In some cases, Hive attackers have circumvented victims’ multi-factor authentication measures, CISA said.

Hive has historically targeted the computer systems of hospitals, school districts, infrastructure providers, and financial firms.

“The Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack,” US Attorney General Merrick B. Garland said last month following its announcement on infiltrating Hive. “We will continue to work both to prevent these attacks and to provide support to victims who have been targeted.”

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