News, Trends, and Insights for IT & Managed Services Providers
News, Trends, and Insights for IT & Managed Services Providers
Business of Tech | Justice Department Disrupts Ransomware Group

We’ll start with the good news.    The Justice Department rounded out last week with an announcement of the disruption of the Hive ransomware group.    Working with international partners, they “hacked the hackers” and stopped $130 million in ransom demands.   From the release:

Since infiltrating Hive’s network in July 2022, the FBI has provided over 300 decryption keys to Hive victims who were under attack. In addition, the FBI distributed over 1,000 additional decryption keys to previous Hive victims. Finally, the department announced today that, in coordination with German law enforcement (the German Federal Criminal Police and Reutlingen Police Headquarters-CID Esslingen) and the Netherlands National High Tech Crime Unit, it has seized control of the servers and websites that Hive uses to communicate with its members, disrupting Hive’s ability to attack and extort victims.

And now the bad news.  From CISA, At least two federal civilian agencies were exploited by cybercriminals as part of a refund scam campaign perpetrated through remote monitoring and management (RMM) software.   The trick?  Getting users to download ScreenConnect (now ConnectWise Control) and AnyDesk via a phishing email which the actors used in a refund scam to steal money from victim bank accounts.

So want to give them feedback?  CISA has posted its 2023 Planning Agenda.  Here’s the bit you care about, quote:

The 2023 Planning Agenda includes efforts to address the following risk topic areas: 

  • Remote Monitoring and Management Vendors, Managed Service Providers, and Managed Security Service Providers: Advance cybersecurity and reduce supply chain risk for small and medium critical infrastructure entities through collaboration with remote monitoring and management (RMM), managed service providers (MSPs), and managed security service providers (MSSPs).

Why do we care?

I get the screams I’m hearing from listeners right now – that the products named aren’t RMM’s.   So, who do you think clients will listen to, CISA or you?   The media covering the event, or you?  

Rather than get into academic debates over the naming, focus on what matters – CISA is working on this space, understands the terminology, and is working on the IT services space.

The FBI has proven that government can get results when focused.   So expect more results.

Choose your upgrade:

Get the full benefits of Business of Tech Plus

Insider Access

$12/month

Perfect for MSPs and ITSPs that want full interviews, early access, and ad-free listening

  • Programmatic Ad-free private podcast feedSame show, little interruptions
  • Channel Chatter previews1–2 topics with light insights
  • Early access to interview episodesHear it days before public release
  • Monthly Insider BriefTighter analysis you can share internally
  • Extra audio segmentsCut interviews, behind-the-scenes commentary, quick competitive notes
  • Become an Insider for $12/month

    Leadership Access

    $149/month

    Perfect for MSPs and Vendors that run a team and need the extended tactics, executive summaries, and weekly alignment brief

  • All Insider Access benefits plus . . .
  • Invite your teamIncludes access for 5 team members with option to add more
  • Vendor Strategy BriefsThe entire library, plus new analysis every month
  • Channel ChatterAll topics, full insights, complete vendor discussion + sentiment list
  • Quarterly State of the Channel Briefing
  • Monthly AMA submission priorityAsk Dave direct questions, and skip the line
  • Get the Leadership Edge for $149/month

    Vendor Partner

    $500/month

    Perfect for channel companies or vendors looking to deepen their engagement with the show.

  • All Leadership Access benefits plus . . .
  • Get highlighted as a show sponsor You'll get placement in the show notes, throughout the website, and on our dedicated sponsors page.
  • Enjoy regular shout outs You'll be featured in a rotating format during the show
  • Become a show sponsor for $500/month

    Search all stories