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Microsoft and McAfee is a new part of an anti-ransomware coalition

12/24/2020 by Editorial Team with 0 comments

Microsoft and McAfee is a new part of the anti-ransomware coalition

The Ransomware Task Force is fighting back

What has just taken place? Ransomware is a problem that’s getting worse. In an endeavor to tackle the developing 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 productive type of malware, but with cybercriminals targeting provincial governments and hospitals, it has the potential to be the most dangerous.

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

“The RTF will assess current solutions at different levels of the ransomware kill chain, recognize gaps in solution application, and create a roadmap of particular purposes and actionable signs for high-level decision-makers,” states the IST’s announcement.

The RTF will also employ expert papers and engage stakeholders over industries “to blend around vetted solutions.”

The nineteen establishing members of the RTF are:

Aspen Digital
The Cyber Threat Alliance
The CyberPeace Institute
The Cybersecurity Coalition
The Global Cyber Alliance
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 fight. “A lot of groups are trying to propose this in a sector-by-sector silo,” said Philip Reiner, chief executive officer of IST.

“We can’t succeed if we stay in a sectorial approach.” Last year saw ransomware attacks jump 41 percent as average payments reached $190,946.

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