A group made up of 19 security firms, tech companies and non-profits, organized by big names such as Microsoft and McAfee, announced plans on Monday to form a new coalition to tackle the growing threat of ransomware.
Named Ransomware task force (RTF), the new group will focus on assessing existing technology solutions that provide protection during ransomware attacks.
The RTF will prepare expert papers on the subject, engage stakeholders across industries, identify gaps in current solutions, and then work on a common roadmap to resolve issues among all members.
The end result should be a standardized framework for dealing with ransomware attacks in verticals, based on industry consensus, rather than individual advice received from lone contractors.
The 19 early founding members reflect RTF’s dedication to putting together a diverse team of experts:
- Aspen Digital (Policymaker Group)
- Citrix (networking equipment vendor)
- Cyber Threat Coalition (Cyber Security Industry Sharing Group)
- Cyberman (Security Firm)
- Cyberpiece Institute (a non-profit institution dedicated to helping victims of cyber attacks)
- Cyber Security Alliance (Policymaker Group)
- Global Cyber Alliance (non-profit dedicated to reducing cyber risk)
- Institute of Security and Technology (Policymaker Group)
- McAfee (Security Firm)
- Microsoft (Security Firm)
- Rapid7 (Security Firm)
- Flexibility (cyber service provider)
- SecurityScorecard (Compliance and Risk Management)
- Cinematographer Foundation (non-profit security organization)
- Stratigos Security (Cyber Security Consulting)
- Team Cymru (Intelligence Intelligence)
- Third way (think tank)
- UT Austin Cause Center (Research Group)
- Venable LLP (Law Firm)
Currently, ransomware is neither the most widespread form of malware nor the type of cyber-attack that causes the greatest financial losses to companies every year. According to the FBI, this title goes to the BEC scam.
Nevertheless, ransomware is still a major threat and one that is trending, ransom demand is increasing quarter by quarter.
“It transports crime zones and synthesizes a clear framework of actionable solutions that needs to bring all affected stakeholders to the table, which is why the coalition of institutions and our partners make this task force two to three Is launching for Sprint of the month, ”said Monday for security and technology.
The Ransomware Task Force website, including full membership details and leadership roles, will be launched next month in January 2021, followed by a two to three-month sprint to field the task force.