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Hive Ransomware Network Dismantled by American, European Law Enforcement – Bitcoin News

Hive Ransomware Network Dismantled by American, European Law Enforcement

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In a joint effort between American and European law enforcement agencies, a global ransomware network has been dismantled. The network, known as the “Hive”, was responsible for infecting hundreds of thousands of computers, encrypting data and demanding ransom payments in Bitcoin.

The Hive was first discovered in 2019 and was responsible for a variety of ransomware attacks, including “Maze”, “Ryuk”, “DoppelPaymer”, and “LockBit”. The attacks were primarily focused on large companies, government organizations, and healthcare providers. The ransomware operators demanded large payments in Bitcoin, typically ranging from thousands to millions of dollars.

The joint investigation between the FBI, the US Department of Justice, Europol, and other law enforcement agencies was able to identify the individuals behind the Hive ransomware network. The investigation revealed that the group was responsible for at least $27 million in ransom payments.

The investigation also revealed that the group had a sophisticated infrastructure, including a customer service division, a technical support division, and a payment processing system. The group also used a variety of tactics to evade detection, including the use of virtual private networks and the Tor network.

As a result of the investigation, law enforcement was able to seize the group’s servers and disrupt its operations. The investigation also resulted in the arrest of several individuals believed to be involved with the group.

The takedown of the Hive ransomware network is a major victory for law enforcement and a reminder that ransomware is a serious threat. The investigation also serves as a warning to other cybercriminals that law enforcement is willing and able to track down and disrupt their operations.

At the same time, the investigation highlights the importance of taking steps to protect yourself from ransomware attacks. It’s important to use strong passwords, keep your software and operating system up to date, and use reliable antivirus software. It’s also important to be aware of phishing scams and other forms of social engineering.

Overall, the takedown of the Hive ransomware network is a positive development for the security of the internet. It shows that law enforcement is willing and able to track down and disrupt cybercrime operations. It also serves as a reminder that it’s important to take steps to protect yourself from ransomware attacks.

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