Security News > 2021 > July > Defeating Ransomware-as-a-Service? Think Intel-Sharing

The Colonial Pipeline ransomware attack put a glaring spotlight on the ransomware scourge - and, in particular, on the rise of ransomware-as-a-service.

The CryptoLocker ransomware attack was propagated by infected email attachments and via the Gameover Zeus botnet.

Fast-forward to 2017, when ransomware attacks were becoming more large-scale, attacking computers around the world all at once.

Defeating a single ransomware incident at one organization does not reduce the overall impact within an industry or peer group.

To make it more difficult and resource-intensive for cybercriminals to attack, public and private entities must collaborate by sharing threat information and attack data.

A financial institution may experience a ransomware attack but then not share information responsibly with law enforcement.

News URL

https://threatpost.com/ransomware-as-a-service-intel-sharing/167508/