Law Enforcement From Thirty Nine Nations Team Up to Tackle Ransomware Attacks

Ransomware continues to pose significant issues for businesses and organisations around the world, and with attacks on the rise, the UK and 38 other nations have joined forces with international cyber insurance authorities to create new guidelines aimed at bolstering resilience and providing help to victims.

The new guidance will advise ransomware victims to carefully evaluate all options before making payments, as data restoration and malware eradication are not guaranteed even if the ransom is paid, and hackers are just encouraged to continue.

Instead, firms are advised to create a thorough response architecture in the case of an attack, that includes regulations and contingency plans. If an organisation is targeted, the policy suggests reporting the attack to law police and consulting with security professionals.

Global crackdown

With an expected $1 billion lost to ransomware attacks in 2023, ransomware is a lucrative business for criminals. But the new re

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This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents