FBI Hacks Hive Ransomware Gang, Saving 300 Victims $130M | CoinMarketCap

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FBI Hacks Hive Ransomware Gang, Saving 300 Victims $130M | CoinMarketCap
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This summer, the FBI penetrated a major ransomware group's computer network — seizing decryption keys that saved 300 victims an estimated $130 million 👮

This summer, the FBI penetrated a major ransomware group's computer network — seizing decryption keys that saved 300 victims an estimated $130 million, Attorney General Merrick Garland announced Thursday.

Cryptocurrencies, especially Bitcoin but increasingly the more-difficult-to track privacy coin Monero, are the standard currency of ransomware payments. After months of helping victims decrypt their systems, the FBI partnered with Europol and Dutch and German authorities to break up the ring. Aside from infrastructure attacks like Colonial, Hive and other ransomware gangs are increasingly adding a second round of extortion, threatening to release companies' private and customer data. In the worst of cases, the consequences can be dangerous or even fatal.

On Sept. 11, 2020, an ambulance in Düsseldorf, Germany, was transporting a woman who had suffered an aortic aneurysm to a nearby emergency room when the crew was told it was closed — due to a ransomware attack. The ambulance was rerouted to a hospital 20 miles away, delaying treatment by an hour. The victim was pronounced dead shortly after arriving, Wired reported.

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