A Newly Established Ransomware Task Force By Microsoft & McAfee

Ransomware” is becoming a real threat in cyberspace and to counter this rapidly growing threat, a community of tech corporations, defense agencies, and non-profit organizations have formed a coalition: the Ransomware Task Force (RTF).

Ransomware may not be the mainstream, profitable form of malicious software, but it can be the deadliest strength for cybercriminals trying to target local government and hospitals.

Created by the IST (Institute for Security and Technology), RTF has leading technology references, such as Microsoft, McAfee, and Citrix.  It attempts to develop a consistent mechanism for appropriate steps to resolve the challenges to ransomware.

“The RTF will review current approaches at different levels of the ransomware kill chain, recognize gaps in strategies, and establish a roadmap for high-level officials with particular priorities and implementable targets,” the IST announces.

Last year the average number of transactions hit $190,946 for the ransomware attacks soared by 41 percent to increase this, RTF will also request expert reports and involve business leaders to collaborate on solutions.

The RTF’s 19 signatories are:

  • Aspen Digital
  • Citrix
  • The Cyber Threat Alliance
  • Cybereason
  • The CyberPeace Institute
  • The Cybersecurity Coalition
  • The Global Cyber Alliance
  • McAfee
  • Microsoft
  • Rapid7
  • Resilience
  • SecurityScorecard
  • Shadowserver Foundation
  • Stratigos Security
  • Team Cymru
  • Third Way
  • UT Austin Stauss Center
  • Venable LLP

By this collaboration, we foresee that the organizations will acquire more excellence. Philip Reiner, chief executive officer of the IST, said that “many groups try to address this with a sector-by-sector approach. “If we remain in a sectoral approach, we cannot succeed.”

The Website of the Ransomware task forces will release next month – January 2021 – followed by a two or three-month sprint to bring the task forces off the ground, including full membership information and leadership positions.

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