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The Journal.

Hacking the Hackers

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 1 February 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

For years, the U.S. government went after hackers by trying to arrest them. Now, they’re trying a new approach. WSJ’s Robert McMillan tells the story of how one of the world’s most infamous hacking groups, called Hive, got busted. Further Reading: - FBI Disrupts ‘Hive’ Ransomware Group Further Listening: - Hack Me if You Can - Why a Ransomware Group Is Pretending to Be a Real Company - Ransomware, a Pipeline and a Gas Shortage Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's a notorious hacker group called Hive.

0:09.0

They are considered to be extremely mercenary.

0:12.8

Their words used to describe them and I probably can't say in a Wall Street Journal podcast,

0:16.7

but you know, like they're just bad, bad people.

0:20.6

That's our colleague Bob McMillan who covers hacking.

0:25.1

Hive makes ransomware that holds businesses hostage.

0:28.6

Other hackers break into a company's computer systems that can use Hive's ransomware to

0:33.6

encrypt all the data and force companies to pay millions of dollars to get it back.

0:39.2

But recently, Hive got a taste of its own medicine.

0:43.3

This time it was their servers that got hacked.

0:46.3

And last week, when hackers tried to get onto Hive's website, they couldn't.

0:50.8

It was locked up.

0:52.3

All they saw was a message that read,

0:54.8

the Federal Bureau of Investigation seized this site as part of a coordinated law enforcement

1:00.2

action.

1:04.7

I think it probably felt very similar to the way it felt for victims of ransomware.

1:09.9

So instead of this humming, little corporate ransomware business, everything went dark

1:15.2

for them.

1:16.6

So the tables had turned, right?

1:22.6

Welcome to the journal, our show about money, business, and power.

1:26.6

I'm Ryan Knutson.

1:28.0

It's Wednesday, February 1st.

...

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