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Implications of the Takedown of HIVE Ransomware

The HIVE ransomware group was operating a Software-as-a-Service (SaaS) model, replete with administrators, the use of initial access brokers to collect and identify targets, and the use of affiliates to conduct the attacks. It was the model for a sophisticated multi-layer operation that included easy-to-use web interfaces, a commission system with affiliates that promised to them a percentage of the total ransomware paid, and a dedicated effort to smartly target only those industries who HIVE operators believed were the most likely to pay their extortion.

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