Security News > 2021 > April > 48 recommendations for a global fight against ransomware

The Institute for Security and Technology's Ransomware Task Force has released a comprehensive strategic framework to help worldwide organizations fight against ransomware and will be delivering it to the U.S. President's team.

The 81-pages-long report includes an overview of the ransomware threat, its impact, how the cyber insurance and the rise of cryptocurrencies influenced its proliferation, the current situation in regard to threat actors that use the malware, and existing efforts to mitigate these attacks.

"This strategic framework aims to help policymakers and industry leaders take system-level action - through potential legislation, funding new programs, or launching new industry-level collaborations - that will help the international community build resistance, disrupt the ransomware building model, and develop resilience to the ransomware threat."

Creating a global network of ransomware investigation hubs.

Creating a Ransomware Response Fund to support victims in refusing to make ransomware payments, and so on.

"The imperative could not be more clear; it's time to increase prioritization of action and limit the damage inflicted by these attacks," said Philip Reiner, Executive Director of the RTF and IST CEO. "In the past 12 months alone, we've seen ransomware attacks delay lifesaving medical treatment, destabilize critical infrastructure, and put our national security at risk. We felt an urgent need to bring together world-class experts across sectors to create a framework that government and industry can pursue to disrupt the ransomware business model and mitigate the impact of attacks."

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