Hive ransomware actors extort over $100 Million from 1,300 companies, warns US government

The US government has warned about an ongoing ransomware activity that has victimised over 1,300 companies worldwide, receiving approximately $100 million in ransom payments. The Hive ransomware actors follow the ransomware-as-a-service (RaaS) model in which developers create, maintain, and update the malware, and affiliates conduct the ransomware attacks.