Global Governments Address Ransomware Threat with New Guidelines

In response to the recent publication of the Counter Ransomware Initiative (CRI), members of the initiative have provided new guidance to organizations so they can consider other possibilities before paying cyber criminals a ransom.

The new guidelines aim to reduce the overall impact of ransomware incidents and help reduce the number of ransoms paid by victims and the size of the ransoms when victims decide to pay them. 

A new voluntary ransomware guide released in conjunction with the International Counter Ransomware Initiative meeting this week outlines recommendations that victims may need to report ransomware attacks more promptly – and that they should involve as many advisers as possible when deciding whether to pay a ransom. 

On Wednesday, the governments of the United Kingdom and Singapore, which are leading discussions as to how to increase the resilience of the country’s network against ransomware attacks, published a voluntary guidance document aimed at helping victims respond to ransomware attacks in the best way possible.

In the proposed legislation, victims are encouraged to report attack information and any ransom demands or payments they may be required to make to law enforcement agencies, cyber insurance companies, and other outside agencies that may be able to assist.

Ransoms are discouraged so victims don’t have to pay them, but if victims decide to pay the ransom, it

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