Free Scheme, 'The No More Ransom Project' Saving Thousands from Ransomware Attacks
A free scheme known as, 'The No More Ransom project' which was founded by Europol, police in the Netherlands, and McAfee is recorded to have prevented cyber-attack victims from paying heavy ransoms and assisted over 200,000 people in saving approximately $108m (£86m).
Along with advice and recommendations, the project delivers software which is configured to recover computer files that get encrypted during ransomware attacks.
With the introduction of 14 new tools in the year 2019 itself, the project having over 150 global partners can now decrypt a total of 109 variants of infection.
Referencing from the explanation given by, Steven Wilson, head of Europol's European Cybercrime Centre (EC3), “When we take a close look at ransomware, we see how easy a device can be infected in a matter of seconds. A wrong click and databases, pictures and a life of memories can disappear forever. No More Ransom brings hope to the victims, a real window of opportunity, but also delivers a clear message to the criminals: the international community stands together with a common goal, operational successes are and will continue to bring the offenders to justice.”
The project made determined and successful efforts to take down various ransomware campaigns including GandCrab, which is amongst one of the most hostile ransomware campaigns of all time.
GandCrab continued making headlines in 2018 and in 2019, the cyber world saw an upsurge in the number of ransomware attacks targeting large organizations.
Commenting on the matter, Mr. Woser told BBC, "Projects like No More Ransom have been crucial when it comes to fighting ransomware on a global level, with pretty much all major parties cooperating on a global and daily basis, sharing intel[igence] in real-time - except for the US.
"The US should consider the success of the No More Ransom Project to be a call to action.
"Better cooperation between the private sector and law enforcement could result in fewer ransom demands being paid.
"That would make cyber-crime less profitable and, consequently, reduce the financial incentive for groups to commit cyber-crime."
from E Hacking News - Latest Hacker News and IT Security News https://ift.tt/2ZouG1D
