Hive ransomware: Modern, efficient business model


An image of a seized ransomware website is displayed at a press conference where the US Attorney General Merrick Garland made an announcement on an international ransomware enforcement action at the US Justice Department on Jan 26, 2023 in Washington, DC. The Justice Department announced that the FBI has seized the website of Hive, a notorious ransomware gang, which has extorted more than US$100mil from victim organisations. — AFP

WASHINGTON: The US Justice Department’s shutdown Jan 26 of the Hive ransomware operation – which extorted some US$100mil (RM422.95mil) from more than 1,500 victims worldwide – highlights how hacking has become an ultra-efficient, specialised industry that can allow anyone to become a cyber-shakedown artist.

Modern business model

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ransomware

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In