Hive Ransomware Upgrades to Rust for More Sophisticated Encryption Method


Hive ransomware-as-a-service (RaaS)

The operators of the Hive ransomware-as-a-service (RaaS) scheme have overhauled their file-encrypting software to fully migrate to Rust and adopt a more sophisticated encryption method.

“With its latest variant carrying several major upgrades, Hive also proves it’s one of the fastest evolving ransomware families, exemplifying the continuously changing ransomware ecosystem,” Microsoft Threat Intelligence Center (MSTIC) said in a report on Tuesday.

Hive, which was first observed in June 2021, has emerged as one of the most prolific RaaS groups, accounting for 17 attacks in the month of May 2022 alone, alongside Black Basta and Conti.

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