The FBI served a globally recognized hacking group a dose of their own medicine and shut the network down.

The government infiltrated a ransomware gang called Hive and thwarted a $130 million ransomware demand that impacted over 300 people. News about the take down leaked early Thursday after a message from Hive's website read "The Federal Bureau of Investigation seized this site as part of a coordinated law enforcement action taken against Hive Ransomware."

German Federal Criminal Police and the Dutch National High Tech Crime Unit were also involved in the effort and seized Hive's servers.

"Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world," U.S. Attorney General Merrick Garland said in a statement.

The Justice Department said Hive has targeted over 1,500 victims in over 80 countries over the years and racked up over $100 million.

No arrests have been made in connection with the takedown but Garland said the investigation is ongoing and to "stay tuned."

Some of the targeted victims in the thwarted attack include a Texas school district, which the group was set to demand $5 million, and a Louisiana hospital that would have forked over $3 million.

Share:
More In Technology
How Robots and Humans Will Collaborate in the Future
Tom Bianculli, Chief Technology Officer at Zebra Technologies, joins Cheddar Innovates to discuss how they are creating technology to make workers' lives easier, and what the future of collaboration between robots and humans may look like.
Stocks Start 2022 Off Strong, Fueled By New Year Optimism
Stock closed at record highs on the first day of trading in 2022, kicking the new year off on a strong note. Tommy Mancuso, president and co-founder of the The Bad Investment Company, joined Cheddar to discuss his optimism for the year ahead, as well as the significance of Apple hitting the $3 trillion market cap mark.
Procter & Gamble Unveils Virtual 'Life Lab' at 2022 Consumer Electronics Show
Procter & Gamble says that innovation is what it's always done best, and the company plans to showcase this with its latest products at the 2022 Consumer Electronics Show, the world's most influential technology event. The company continues to grow with the needs, and values of its customer base, which is increasingly spending more on sustainable consumer goods. To share its latest sustainability efforts, P&G is unveiling a new "Life Lab" at CES. For more on this exhibit, Marc Pritchard, Chief Brand Officer at P&G, joins Cheddar News.
Hydrogen Expected to Play Important Part in Achieving Net-Zero Future
In the fight against climate change, much of the conversation revolves around reducing greenhouse gases like carbon dioxide or methane - and attempting to raise oxygen levels. But there's another gas - hydrogen - that could play a big role in the fight for the climate. Marco Alvera, CEO of Italian energy infrastructure company Snam and author of the book, 'The Hydrogen Revolution,' joined Cheddar Climate to explain the role hydrogen plays in helping achieve a net-zero future.
Vietnamese Automaker VinFast Unveils Full EV Lineup at CES 2022
Vietnam's first global automaker is coming to the United States. VinFast unveiled the company's full EV lineup of five models at CES 2022. A reservation program for its first two electric vehicles, the VF 326 and the VF e35, officially opened on Wednesday, with the company set to announce the vehicle's retail prices in the U.S. and Vietnamese markets. VinFast is also one of the world's first automakers to apply blockchain technologies to the process of certifying reservations, payments, and eventually vehicle ownership. VinFast CEO Le Thi Thu Thuy joined Cheddar News' Closing Bell to discuss.
AT&T, Verizon Agree to Delay 5G Rollout After Airlines Raise Safety Concerns
AT&T and Verizon have agreed to delay activating their 5G services for two weeks after Airlines for America, a lobbying group that represents American, Delta, and other airlines, filed a petition last week with the FCC to stop the deployment of 5G in the U.S. over concerns that the network can interfere with certain systems on airplanes. President Biden spoke out about it, saying it would avoid further delays and cancellations of flights. Light Reading 5G and Mobile Strategies Director Mike Dano joined Cheddar News' Closing Bell to discuss.
How to Implement Preventative Cybersecurity
Liz Mann, EY Americas Cybersecurity Consulting Leader, joins Cheddar News to discuss the state of cybersecurity in 2022, ways to implement preventative cybersecurity practices, and what the next generation of authentication looks like.
Load More