FBI blocks $130 million in ransomware

FBI blocks $130 million in ransomware

Cryptocurrency industry is growing very fast. Unfortunately, bad actors also have an appetite for the sector, where news of a new company, project and investment comes almost every day. One of these actors’ biggest weapons is ransomware.

Ransomware has plagued many institutions, organizations, and individuals, encrypting the victim’s files and demanding a ransom payment in exchange for the decryption key. It also puts the industry in a bad mood, as payment is usually made in a cryptocurrency like Bitcoin to protect the attacker’s anonymity. It is true that ransomware attacks place stress on individuals and organizations alike, as losing access to important files and data can be devastating.

Ransomware attacks can be carried out in a variety of ways, including phishing emails, malicious websites, and unclosed vulnerabilities in software. It’s very important to keep all software up to date and on the lookout for suspicious emails or links. In addition, it is very important that important files are regularly backed up in case of a ransomware attack so that it can be used to restore lost data.

Working actively in this field for a long time FBI continues to carry out crypto-focused operations. In a recent press release, it was announced that the Hive ransomware group, which is located in more than 80 countries and targets hospitals, schools and banking centers, has been cracked.

FBI cracks down on crypto-based ransomware group

Ransomware is a big problem, especially with cybersecurity. This situation, which has plagued many institutions and organizations in the past, is among the biggest problems of the crypto money industry.

US Department of Justice On the other hand, it has started a war, so to speak, against the bad actors who have been hiding behind crypto recently. In the latest statement, he announced the months-long operation against the ransomware group Hive, which has targeted more than 1,500 victims, including hospitals, schools, financial firms and critical infrastructure in more than 80 countries around the world:

“Since late July 2022, the FBI has infiltrated Hive’s computer networks, seized the decryption keys and made them available to victims worldwide, preventing victims from paying the requested $130 million ransom.”

Attorney General speaking on the subject Merrick B. Garland he made the following statements:

“The Department of Justice has deployed an international ransomware network responsible for extorting hundreds of millions of dollars from victims in the US and around the world. Cybercrime is a constantly evolving threat. But as I said earlier, the Department of Justice targeted the United States with a ransomware attack. “

Soruce : https://tr.cointelegraph.com/news/fbi-blocks-130-million-in-ransomware

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