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Task Force Report: It’s Time to Crack Down on Ransomware The Institute for Security and Technology-coordinated Ransomware Task Force calls for viewing ransomware as far more than just financial crime and making combating it a global priority. May 04, 2021 •  Shutterstock/SynthEx All eyes turned to ransomware last week as D.C. police suffered an attack and the a public-private sector collaboration known as the Ransomware Task Force (RTF) delivered an intensive slate of recommendations for tackling these cyber threats. Loss to ransomware intensified ove...

By Justin Katz May 05, 2021 The Department of Homeland Security and the White House are putting the spotlight on combatting ransomware, actively developing plans to confront the issue. DHS has assembled a task force with representatives from the Cybersecurity and Infrastructure Security Agency, Secret Service, Coast Guard and Immigration and Customs Enforcement's Homeland Security Investigations unit, according to Security Secretary Alejandro Mayorkas. The new task force is part of the secretary's planned "60-day sprint" on ransomware that was announced in March as the first in a series of ne...

Get email notification for articles from Omer Benjakob Follow May. 5, 2021 8:37 PM A long-term sophisticated group of cybercriminals popularly known as ‘Cuba Ransomware’ is likely Russian, say Israeli researchers. An investigation by Israeli cybersecurity firms Profero and Security Joes into attacks by Cuba, which mounts “ransom” attacks against commercial clients, found a number of telltale signs about the hackers’ origin. In a report published on Wednesday, the firms show that a typo made by the hackers in correspondence with their victims is likely the result of misspelling the ...

  The Biden administration and Congress are mobilizing to confront ransomware attacks on critical organizations such as schools and hospitals, which some officials have labeled a national security threat.  The Department of Homeland Security (DHS), the Department of Justice and Capitol Hill are all spearheading efforts to get a handle on ransomware attacks, which have skyrocketed during the COVID-19 pandemic as cyber criminals targeted vulnerable networks that came under increased strain.  “The threat is real. The threat is upon us. The risk is to all of us,” DHS Secretary Alejandro Ma...

To embed, copy and paste the code into your website or blog: In 2020, ransomware caused businesses an estimated $20 billion in losses worldwide. Those losses were a substantial increase from 2019 when ransomware caused $11.5 billion in business losses. Not only is the ransomware scourge growing, but cybercriminals are also increasingly attacking smaller and smaller companies, often because they have less security in place. Last week, a multi-industry Ransomware Task Force issued a long anticipated, extensive report regarding how to deal with the ever-increasing threat that ransomware is posin...