Story image

No more ransom - stopping ransomware on a global scale

26 Jul 2016

No More Ransom is an online portal created by Europol, Intel Security and Kapersky Lab.

It’s aimed to inform the public about the dangers of ransomware, and to help victims recover their data without having to pay any ransom to cybercriminals.

Ransomware is a nasty type of malware that locks the victims’ computer, or encrypts their data, demanding them to pay a ransom in order to regain control.

While the target is often individual users, corporate and even government networks can be affected too.

According to Intel Security, the number of victims is growing at an alarming rate. This year the number affected by crypto-ransomware has risen by 5.5%. A total of 131,000 in 2014-2015, to 718,000 in 2015-2016.

The initiative is a helpful online resource for victims of ransomware which specifies what ransomware actually is, how it works and how to protect themselves.

Intel Security claim that awareness is key because to this day, there are no decryption tools for all existing types of malware.

Raj Samani, EMEA CTO for Intel Security, says the initiative shows the value of public-private cooperation in taking serious action in the fight against cybercrime.

“This collaboration goes beyond intelligence sharing, consumer education, and takedowns to actually help repair the damage inflicted upon victims,” says Samani.

“By restoring access to their systems, we empower users by showing them they can take action and avoid rewarding criminals with a ransom payment.”

Intel Security puts huge emphasis on the fact that reporting ransomware to law enforcement is mandatory in mitigating the threat. The security company also states that victims should never pay the ransom, as there is no guarantee that paying the fine will give them their access back. 

Industrial control component vulnerabilities up 30%
Positive Technologies says exploitation of these vulnerabilities could disturb operations by disrupting command transfer between components.
McAfee announces Google Cloud Platform support
McAfee MVISION Cloud now integrates with GCP Cloud SCC to help security professionals gain visibility and control over their cloud resources.
WatchGuard announces A/NZ partners awards
Four Australian companies were named partner award winners at the WatchGuard conference in Vietnam.
Telstra’s 2019 cybersecurity report
Cybersecurity remains a top business priority as the estimated number of undetected security breaches grows.
Why AI and behaviour analytics should be essential to enterprises
Cyber threats continue to increase in number and severity, prompting cybersecurity experts to seek new ways to stop malicious actors.
Scammers targeting more countries in sextortion scam - ESET
The attacker in the email claims they have hacked the intended victim's device, and have recorded the person while watching pornographic content.
Cryptojacking and failure to patch still major threats - Ixia
Compromised enterprise networks from unpatched vulnerabilities and bad security hygiene continued to be fertile ground for hackers in 2018.
Why cybersecurity remains a top business priority
One in two Australian businesses estimated that they will receive fines for being in breach of new legislation.