19 security firms, technology companies, and nonprofits announce plans to form coalitions to deal with the new threats of ransomware.
Called the Ransomware Task Force (RTF), the new organization will focus on evaluating the current technical solution that provides protection against ransomware attacks. RTF will conduct research on this topic, connect stakeholders in many areas, identify gaps in solutions, and then jointly develop a common roadmap to solve the problem.
The end result may become a standardized framework to deal with the attacks of malicious code to blackmail, based on the consensus of the industry rather than advice from individual contractors. The 19 founding members of RTF include:
Aspen Digital, Citrix, The Cyber Threat Alliance, Cybereason, The CyberPeace Institute, The Cybersecurity Coalition, The Global Cyber Alliance, The Institute for Security and Technology, McAfee, Microsoft, Rapid7, Resilience, SecurityScorecard, Shadowserver Foundation, Stratigos Security, Team Cymru , Third Way, UT Austin Stauss Center, Venable LLP.
Currently, ransomware is not the most common form of malware, nor is it the type of cyberattack that causes the biggest financial losses to businesses every year. This “title” belongs to the BEC email scam, according to the FBI. However, it is still a great risk and tends to increase.
The RTF website, including the details and roles of each member, will be launched in January 2021, followed by a 2 to 3 month sprint to officially organize operations.