March 29, 2024

$10M Reward for Info on Ransomware Gang

Ransomware

The US State Department is offering a reward of up to $10 million for information about the identity or location of the leaders of the global ransomware gang Hive. Hive has extorted more than $100 million in ransom payments from hospitals, schools, financial firms, and critical infrastructure in the US since June 2021.

Raytheon Cuts 19,000 Staff & Contractors

raytheon

Raytheon Technologies cuts 15,000 staff and 4,000 contractors, mostly in the Pratt & Whitney and Collins Aerospace divisions, due to decreased commercial aerospace sales from the COVID-19 pandemic. The action reflects a 20% cut at both divisions, and include both temporary furloughs and a hiring freeze