US Govt Affords Thousands and thousands in Bounties to Discover Hive Ransomware Actors

The US Division of State is providing $10 million for info that may result in figuring out key management members of the Hive ransomware crime groupin tandem with the takedown of the group’s infrastructure.

It is usually providing $5 million for any info that results in the arrest or conviction of a person taking part or trying to take part in actions associated to Hive ransomware.

The reward is offered by means of the Department of State’s Transnational Organized Crime Rewards Program (TOCRP).

This system, established in 2013, supplies the Secretary of State with the “statutory authority to offer rewards of up to $25 million for information leading to the reduction of transnational crime.” That covers areas like cybercrime, human trafficking, and trafficking of different illicit items, amongst different issues.

Hive ransomware group has been extremely energetic in quite a few international locations, together with the US. In 2022, the FBI was in a position to make vital headway in obtaining the group’s decryption keys after penetrating its pc networks. This occasion saved victims as much as $130 million in potential ransom cost globally.

“Today’s announcement complements the Department of Justice announcement that, with Europol, the German and Dutch authorities, and the United States Secret Service, it had seized control of Hive’s servers and websites, thereby disrupting Hive’s ability to further attack and extort victims,” the Department of State said in a press release. “We will continue to work with allies and partners to disrupt and deter ransomware actors that threaten the backbone of our economies and critical infrastructure.”

Author: Darkish Studying Workers
Date: 2024-02-12 15:24:09

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Alina A, Toronto
Alina A, Toronto
Alina A, an UofT graduate & Google Certified Cyber Security analyst, currently based in Toronto, Canada. She is passionate for Research and to write about Cyber-security related issues, trends and concerns in an emerging digital world.


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