Industry Reactions to Hive Ransomware Takedown

Industry experts and analysts weigh in on the recent takedown of the Hive ransomware group, with some expressing doubts that it will have a lasting impact on the ransomware threat landscape. According to BullWall CTO Jan Lovmand, “In the past they have seen these interruptions as temporary setbacks to a very lucrative business – similar to when a drug cartel has a shipment seized. They lose some income, get disrupted but rarely stop their criminal activity to become honest working individuals. Law enforcement in several regions have in the past recovered ransoms paid from other gangs or seized decryption keys, but what is different this time is how many victims the FBI have been able to help and for how long.”