It is good to see US government leaders realize that
ransomware is a growing existential threat to our country, at the hands of our
adversaries.
A top US national cybersecurity advisor stated
in a recent op-ed, “This is a troubling practice that must end.” The government is looking at ways to disrupt
ransomware attacks. One tactic is to get
cyber insurance companies to stop reimbursements for ransoms.
Undermining ransomware is possible, but the only path is to
outlaw digital extortion payments. This
targets the root of the problem by undermining the motivation of the attacker.
For decades, cybersecurity and insurance companies have taken
advantage of growing attacks and fears to sell their products, which have not provided
a meaningful solution to stop the widespread surge of ransomware. It has become a self-serving profit center to
motivate customers to purchase more tools and policies for a problem they are
not solving.
Security controls are a costly tactic where the attacker
maintains a significant overall advantage because they can quickly adapt, thereby
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