Microsoft, McAfee and many others are part of newly formed anti-ransomware coalition

midian182

Posts: 7,088   +62
Staff member
What just happened? Ransomware is a problem that’s getting worse. In an attempt to tackle the growing threat, a group of tech companies, security firms, and non-profits have created a coalition: the Ransomware Task Force (RTF).

Ransomware might not be the most common or financially lucrative type of malware, but with cybercriminals targeting local governments and hospitals, it has the potential to be the most dangerous.

Created by the Institute for Security and Technology (IST), the RTF boasts big tech names such as Microsoft, McAfee, and Citrix. It aims to create a clear framework of actionable solutions to deal with ransomware threats.

“The RTF will assess existing solutions at varying levels of the ransomware kill chain, identify gaps in solution application, and create a roadmap of concrete objectives and actionable milestones for high-level decision-makers,” states the IST’s announcement.

The RTF will also commission expert papers and engage stakeholders across industries “to coalesce around vetted solutions.”

The nineteen founding members of the RTF are:

  • Aspen Digital
  • Citrix
  • The Cyber Threat Alliance
  • Cybereason
  • The CyberPeace Institute
  • The Cybersecurity Coalition
  • The Global Cyber Alliance
  • McAfee
  • Microsoft
  • Rapid7
  • Resilience
  • SecurityScorecard
  • Shadowserver Foundation
  • Stratigos Security
  • Team Cymru
  • Third Way
  • UT Austin Stauss Center
  • Venable LLP

It’s hoped that by working together, the organizations will find more success in what often feels like a losing battle. “A lot of groups are trying to approach this in a sector-by-sector silo,” said Philip Reiner, chief executive officer of IST. “We can’t succeed if we stay in a sectoral approach.”

Last year saw ransomware attacks jump 41 percent as average payments reached $190,946.

Many large companies were hit in 2020, including Carnival Corp, Canon, Garmin, Mattel, and Capcom. The most recent piece of ransomware to hit the headlines was the fake Cyberpunk 2077 ‘mobile app.’

Permalink to story.

 

brucek

Posts: 870   +1,267
Why have we not made these ransom payments illegal? A big chunk of these attacks are happening because they make money. Cut off the pay check, you'll cut off some of the "work." You'll also stop the portion of the money that is going to state actors needing hard currency for weapon programs, like North Korea. This will also help those institutions that are having trouble deciding between the convenience of a ransom payment or the embarrassment of admitting they didn't prepare to do the right thing, and through the increased publicity to help lead others to do so as well.
 

Bullwinkle M

Posts: 551   +439
Why have we not made these ransom payments illegal?

Because it does not fix the problem!

Even making ransomware illegal does not fix the problem

I understand the problem and have been using Windows XP-SP2 "ONLINE" for the past 7 years without any security updates and without a single ransomware problem

End users running the latest spyware platform from Microsoft is the biggest problem and you can't fix stupid!

Locked down / closed source operating systems and hardware is a problem that will never be fixed by Corporations wishing to maintain their Monopoly