spot_img

Interpol Seeks New Strategy To Tackle Growth Of Ransomware

Share post:

Interpol has called for cooperation between police and the IT industry to stop a potential ransomware pandemic that has grown exponentially.

Ransomwhere, a new website that tracks payments to ransomware attackers, stated that the most lucrative operation now is REvil/Sodinokibi – the allegedly Russian-backed ransomware-as-a-service platform that is responsible for the attacks on JBS and Kaseya.

The group has demanded $70 million to provide Kaseya with a universal decryption tool, but this year alone the cybercrime gang has amassed a lucrative $11.3 million in bitcoin payments.

The U.S. stance is that the Russian government is still responsible for cybercriminals operating within its jurisdiction, even if the activities are not supported by the Kremlin.

President Joe Biden spoke with Russian President Vladimir Putin recently and discussed that if Russia cannot take action against the criminals, the U.S. will reserve the right to do it themselves.

What the U.S. would take in the absence of a Russian-led crackdown still remains unclear.

Interpol wants to work with private cybersecurity firms and government agencies, as well as CERTs or computer emergency teams, to crack down on ransomware gangs.

For more information, read the original story in ZDNet.

spot_img

SUBSCRIBE NOW

Related articles

Cyber Security Today, March 22, 2023 – ChatGPT4 is out, poorly-protected Linux servers are exploited, and more

ChatGPT4 is out, poorly-protected Linux servers are exploited, and more. Welcome to Cyber Security Today. It’s Wednesday, March 22nd, 2023. I’m Howard Solomon, contributing reporter on cybersecurity for ITWorldCanada.com and TechNewsday.com in the U.S. The new version of ChatGPT has been released. But if you were hoping that version 4 has made this tool safer

Only 9 per cent of Canadian firms are cyber mature: Cisco report

Only 15 per cent of companies around the world would have a mature cyber readiness, according to survey

Ferrari notifies customers of ransom demand

Exclusive car maker says some client contact information exposed in cy

Government backs down on document demand from Google, Facebook

Change meets criticism that demand for external communications is an invasion

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways