Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

US Offers $10M for Hive Ransomware

February 9, 2024
Reading Time: 3 mins read
in News

The U.S. State Department has announced significant rewards of up to $10 million for information leading to the identification or location of key members of the Hive ransomware gang, underscoring the severity of cybercrime threats. This comes after the FBI revealed that Hive ransomware had extorted over $100 million from numerous companies across 80 countries, prompting urgent action to combat this growing menace. The State Department’s announcement highlights the gravity of the situation, offering substantial rewards to disrupt and dismantle the operations of this notorious cybercriminal group. With escalating ransomware attacks posing substantial risks to organizations worldwide, such initiatives aim to incentivize cooperation and intelligence-sharing to combat the increasing sophistication of cyber threats.

The global response to the Hive ransomware threat has intensified, with law enforcement agencies conducting a coordinated operation resulting in the seizure of Hive ransomware’s Tor websites. FBI’s infiltration into Hive’s computer networks and seizure of decryption keys have prevented victims from paying $130 million in ransom demands, showcasing the effectiveness of international efforts to combat cybercriminal activity. This operation underscores the importance of proactive measures in disrupting ransomware operations and mitigating the impact on affected organizations. By dismantling ransomware infrastructure and providing support to victims, law enforcement agencies aim to undermine the profitability and operations of ransomware groups like Hive.

Despite these efforts, the Hive ransomware-as-a-service (RaaS) operation remains a persistent threat, leveraging various tactics such as phishing campaigns and exploiting vulnerabilities to infiltrate organizations indiscriminately. The operation’s lack of discrimination in targeting emergency services and healthcare entities further amplifies the urgency of addressing ransomware threats. With the Hive ransomware gang’s extensive reach and sophisticated methods, collaboration between government agencies, private sector organizations, and international partners becomes increasingly crucial to effectively combatting cybercrime. As the threat landscape continues to evolve, proactive measures and collaborative initiatives are essential in safeguarding critical infrastructure and protecting against the damaging impacts of ransomware attacks.

Reference:
  • Reward Offers for Information to Bring Hive Ransomware Variant Co-Conspirators To Justice

 

Tags: Cyber NewsCyber News 2024CybercrimeCybersecurityFebruary 2024HiveState DepartmentUSA
ADVERTISEMENT

Related Posts

CBI Busts £390K UK Tech Scam

Spain Awards €12.3M Huawei Contracts

July 14, 2025
CBI Busts £390K UK Tech Scam

Grok-4 Jailbroken Via Exploit

July 14, 2025
CBI Busts £390K UK Tech Scam

CBI Busts £390K UK Tech Scam

July 14, 2025
Lovestruck Airman Leaks Secrets on App

Russian Pro-Player Arrested in Ransomware

July 11, 2025
Lovestruck Airman Leaks Secrets on App

Four Arrested in £440M Cyber Attack

July 11, 2025
Lovestruck Airman Leaks Secrets on App

Lovestruck Airman Leaks Secrets on App

July 11, 2025

Latest Alerts

WinRAR Zero-Day Exploit $80K on Dark Web

Google Gemini Flaw Hijacks Email Summaries

Wing FTP Server RCE Flaw Exploited

Fake Sites Push Investment Scams

Fake Firms Push Malware on Crypto Users

Severe WordPress Flaw 200K Sites at Risk

Subscribe to our newsletter

    Latest Incidents

    Supermarket Cyberattack Prompts Warning

    China Hacker Suspected in DC Law Firm Breach

    nius.de Cyberattack Leaks User Data

    Microsoft’s Outlook Long Outage

    Avantic Lab Affected By Ransomware

    $40M+ Stolen from GMX Crypto Platform

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial