Hive Ransomware | Breaking Cybersecurity News | The Hacker News

The U.S. Department of State has  announced  monetary rewards of up to $10 million for information about individuals holding key positions within the Hive ransomware operation. It is also giving away an additional $5 million for specifics that could lead to the arrest and/or conviction of any person "conspiring to participate in or attempting to participate in Hive ransomware activity." The multi-million-dollar rewards come a little over a year after a coordinated law enforcement effort  covertly infiltrated and dismantled  the darknet infrastructure associated with the Hive ransomware-as-a-service (RaaS) gang. One person with suspected ties to the group was  arrested  in Paris in December 2023. Hive, which emerged in mid-2021, targeted more than 1,500 victims in over 80 countries, netting about $100 million in illegal revenues. In November 2023, Bitdefender  revealed  that a new ransomware group called Hunters International had acquired the source code and infrastructure

The threat actors behind the Hive ransomware-as-a-service (RaaS) scheme have launched attacks against over 1,300 companies across the world, netting the gang $100 million in illicit payments as of November 2022. "Hive ransomware has targeted a wide range of businesses and critical infrastructure sectors, including government facilities, communications, critical manufacturing, information technology, and — especially — Healthcare and Public Health (HPH)," U.S. cybersecurity and intelligence authorities  said  in an alert. Active since June 2021, Hive's RaaS operation involves a mix of developers, who create and manage the malware, and affiliates, who are responsible for conducting the attacks on target networks by often purchasing initial access from initial access brokers (IABs). In most cases, gaining a foothold involves the exploitation of  ProxyShell flaws  in Microsoft Exchange Server, followed by taking steps to terminate processes associated with antivirus engi

As a vCISO, you are responsible for your client's cybersecurity strategy and risk governance. This incorporates multiple disciplines, from research to execution to reporting. Recently, we published a comprehensive playbook for vCISOs, "Your First 100 Days as a vCISO – 5 Steps to Success" , which covers all the phases entailed in launching a successful vCISO engagement, along with recommended actions to take, and step-by-step examples.  Following the success of the playbook and the requests that have come in from the MSP/MSSP community, we decided to drill down into specific parts of vCISO reporting and provide more color and examples. In this article, we focus on how to create compelling narratives within a report, which has a significant impact on the overall MSP/MSSP value proposition.  This article brings the highlights of a recent guided workshop we held, covering what makes a successful report and how it can be used to enhance engagement with your cyber security clients.

An analysis of four months of chat logs spanning more than 40 conversations between the operators of Conti and Hive ransomware and their victims has offered an insight into the groups' inner workings and their negotiation techniques. In one exchange, the Conti Team is said to have significantly reduced the ransom demand from a staggering $50 million to $1 million, a 98% drop, suggesting a willingness to settle for a far lower amount. "Both Conti and Hive are quick to lower ransom demands, routinely offering substantial reductions multiple times throughout negotiations," Cisco Talos  said  in a report shared with The Hacker News. "This signals that despite popular belief, victims of a ransomware attack actually have significant negotiating power." Conti  and  Hive  are among the most prevalent ransomware strains in the threat landscape, cumulatively accounting for  29.1% of attacks  detected during the three-month-period between October and December 2021. A

A recent Hive ransomware attack carried out by an affiliate involved the exploitation of "ProxyShell" vulnerabilities in the Microsoft Exchange Server that were disclosed last year to encrypt an unnamed customer's network. "The actor managed to achieve its malicious goals and encrypt the environment in less than 72 hours from the initial compromise," Varonis security researcher, Nadav Ovadia,  said  in a post-mortem analysis of the incident.  Hive, which was  first observed  in June 2021, follows the lucrative ransomware-as-a-service (RaaS) scheme adopted by other cybercriminal groups in recent years, enabling affiliates to deploy the file-encrypting malware after gaining a foothold into their victims' networks. ProxyShell  — tracked as CVE-2021-31207, CVE-2021-34523, and CVE-2021-34473 — involves a combination of security feature bypass, privilege escalation, and remote code execution in the Microsoft Exchange Server, effectively granting the attacker

Researchers have detailed what they call the "first successful attempt" at decrypting data infected with Hive ransomware without relying on the private key used to lock access to the content. "We were able to recover the master key for generating the file encryption key without the attacker's private key, by using a cryptographic vulnerability identified through analysis," a group of academics from South Korea's Kookmin University  said  in a new paper dissecting its encryption process. Hive, like other cybercriminal groups, operates a ransomware-as-a-service that uses different mechanisms to compromise business networks, exfiltrate data, and encrypt data on the networks, and attempts to collect a ransom in exchange for access to the decryption software. It was  first observed  in June 2021, when it struck a company called Altus Group. Hive leverages a variety of initial compromise methods, including vulnerable RDP servers, compromised VPN credentials,