Incident Details
A Russian individual suspected of having potentially profited in cryptocurrencies from the funds stolen from French victims of the notorious Hive ransomware attack, which was dismantled in January, was apprehended last week as per information obtained by AFP on Tuesday, December 12 from the judicial police. The suspect, believed to be around forty years old and living in Cyprus, was taken into custody on December 5 while he was in Paris, stated Christophe Durand, the director of the cyber-investigations division of the newly established Anti-Cybercrime Office (Ofac). Authorities confiscated more than 570,000 euros worth of cryptocurrencies, described as his operational budget, during the search of his residence in Cyprus, which was conducted while he was under police custody, thanks to the swift responsiveness of international cooperation facilitated through Europol and Eurojust, commended Christophe Durand. Hive, which is among the prominent ransomware attack networks globally, is accused of targeting 1,500 entities across 80 countries and amassing over $100 million through ransom payments.
Incident
How Did the Breach Happen?
A cybersecurity breach occurred using the sophisticated Hive ransomware, impacting multiple organizations across 80 countries. An individual from Russia, living in Cyprus, faced allegations of extracting funds from French victims of the ransomware using digital currencies.
What Data has been Compromised?
The details regarding which particular data was breached are not included in the information provided.
Why Did the company's Security Measures Fail?
The specifics regarding the cause of the security measures failure have not been disclosed in the information provided.
What Immediate Impact Did the Breach Have on the company?
The information does not specify the direct consequences of the breach on the company.
How could this have been prevented?
The preventative steps that could have averted this security breach were not detailed in the information given.
What have we learned from this data breach?
The information does not include details about the insights gained from this data breach.
Summary of Coverage
In Paris, law enforcement detained a Russian banker on suspicion of retrieving funds from French individuals affected by the Hive ransomware. The Hive ransomware operation had aimed at victims in 80 nations and amassed more than $100 million in ransom payments. The cyber attack was facilitated by the deployment of the ransomware.