{"id":127,"date":"2024-04-16T08:53:00","date_gmt":"2024-04-16T15:53:00","guid":{"rendered":"https:\/\/hexagoncenter.org\/spotlight\/?p=127"},"modified":"2024-05-30T13:53:33","modified_gmt":"2024-05-30T20:53:33","slug":"taking-the-money-out-of-ransomware-attacks","status":"publish","type":"post","link":"https:\/\/hexagoncenter.org\/spotlight\/taking-the-money-out-of-ransomware-attacks\/","title":{"rendered":"Taking the money out of ransomware attacks"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/hexagoncenter.org\/spotlight\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-6694569-1024x683.jpeg\" alt=\"Thinking about paying ransom because of a ransomeware\" class=\"wp-image-151\" srcset=\"https:\/\/hexagoncenter.org\/spotlight\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-6694569-1024x683.jpeg 1024w, https:\/\/hexagoncenter.org\/spotlight\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-6694569-300x200.jpeg 300w, https:\/\/hexagoncenter.org\/spotlight\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-6694569-768x512.jpeg 768w, https:\/\/hexagoncenter.org\/spotlight\/wp-content\/uploads\/2024\/04\/pexels-tima-miroshnichenko-6694569-1536x1024.jpeg 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Think your computer is locked or frozen? Quit paying ransom! They are like pigeons, the more the feed them, they more they&#8217;ll come back. Call the Hexagon Hotline. <\/figcaption><\/figure>\n\n\n\n<p class=\"has-small-font-size\" style=\"font-style:normal;font-weight:900\"><em>From Cybersecurity Today, <a href=\"https:\/\/www.itworldcanada.com\/article\/cyber-security-today-april-15-2024-act-fast-to-a-plug-hole-in-palo-alto-networks-firewall-canadian-comedy-festival-loses-over-800k-in-email-scam-and-more\/560423\">April 15, 2024<\/a>. This story provides the warning of paying ransom to our attackers as it will only further advance their work. To stop future attacks on ourselves and  on the general public at large, we need to prevent any payments to these attackers as much as possible.<\/em><\/p>\n\n\n\n<p><strong>Speaklng of ransomware,<\/strong>&nbsp;one of the ways of crushing ransomware gangs is to take the money out of their attacks. The problem is forbidding \u2014 or even begging \u2014 unprepared organizations not to pay a ransom isn\u2019t working. So last week the Ransomware Task Force, a group of public and private sector experts,&nbsp;<a href=\"https:\/\/securityandtechnology.org\/virtual-library\/memo\/roadmap-to-potential-prohibition-of-ransomware-payments\/\">released a plan to reduce the need to ban ransomware payments.<\/a>&nbsp;It will take several years, the Task Force admits. But only after all the steps in its plan have been met should governments think about prohibiting ransomware payments. Briefly, the plan says \u2018Don\u2019t institute a payment ban until organizations have cybersecurity maturity.\u2019 Here are some of the recommended steps:<\/p>\n\n\n\n<p>\u2013Develop a ransomware framework to provide a national standard for ransomware preparation. The framework would be adapted for organizations of different sizes, maturity and risk profiles;<\/p>\n\n\n\n<p>\u2013provide financial incentives for organizations to comply with the framework;<\/p>\n\n\n\n<p>\u2013mandate limited baseline security measures for critical infrastructure providers including utilities, banks and hospitals;<\/p>\n\n\n\n<p>\u2013form an international law enforcement partnership to target ransomware gangs;<\/p>\n\n\n\n<p>\u2013require cryptocurrency exchanges and over-the-counter trading desks to comply with existing financial transaction tracking controls;<\/p>\n\n\n\n<p>\u2013create a ransomware response fund to help victim organizations recover from attacks;<\/p>\n\n\n\n<p>\u2013work with cyber insurers;<\/p>\n\n\n\n<p>\u2013and end the tax deductibility of ransomware payments.<\/p>\n\n\n\n<p>The Task Force believes things like this could take two years to implement. Only then should governments think about banning ransomware payments.<\/p>\n\n\n\n<p>Meanwhile, nothing stops your organization from toughening its cybersecurity defences.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Cybersecurity Today, April 15, 2024. This story provides the warning of paying ransom to our attackers as it will only further advance their work. To stop future attacks on ourselves and on the general public at large, we need to prevent any payments to these attackers as much as possible. Speaklng of ransomware,&nbsp;one of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,46,4,122,57,45,111,145,33],"tags":[31,12,140,8,121,49,40,76],"class_list":["post-127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyber-attack","category-cyber-threat","category-cybersecurity","category-data-protection","category-personal-data","category-ransomware-attacks","category-regulation","category-scam","category-security-breach","tag-attackers","tag-cyber-criminals","tag-cyber-threats","tag-cybersecurity","tag-data","tag-ransom","tag-security","tag-threat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Taking the money out of ransomware attacks - HX Spotlight Files<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hexagoncenter.org\/spotlight\/taking-the-money-out-of-ransomware-attacks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taking the money out of ransomware attacks - HX Spotlight Files\" \/>\n<meta property=\"og:description\" content=\"From Cybersecurity Today, April 15, 2024. This story provides the warning of paying ransom to our attackers as it will only further advance their work. To stop future attacks on ourselves and on the general public at large, we need to prevent any payments to these attackers as much as possible. 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