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

NY DFS Updates Third Party Cyber Rules

NY DFS Updates Third Party Cyber Rules

October 23, 2025
NY DFS Updates Third Party Cyber Rules

Keycard Raises 38 Million Funding

October 23, 2025
NY DFS Updates Third Party Cyber Rules

Jaguar Land Rover Cyberattack Hits UK

October 23, 2025
Hackers Make 520K At Pwn2Own

Hackers Make 520K At Pwn2Own

October 22, 2025
Hackers Make 520K At Pwn2Own

Monolock Ransomware Sold Online

October 22, 2025
Hackers Make 520K At Pwn2Own

Meta Launches New Anti Scam Tools

October 22, 2025

Latest Alerts

Gift Card Heist Via Cloud Hackers

MuddyWater Launches Global Spying

Fake Zoom Calls Target Ukraine Aid

Copilot Flaw Exposes Sensitive Data

PolarEdge Expands Router Botnet

Google Finds New Russian Malware

Subscribe to our newsletter

    Latest Incidents

    Ransomware Hits Jewett Cameron

    Salt Typhoon Hacks European Telecom

    JFL Loses 800K Weekly After Hack

    Union Cyberattack Raises Concerns

    Romanian Prisoner Hacks Prison IT

    Hackers Claim Data On NSA Officials

    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