60-Member task force Ransomware has a plan to break down the criminal Ransomware

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Photo: Rob Engelaar / ANP / AFP (Getty Images)

techno.rentetan.com – A new coalition, which supports big-tech, lobbs the government of Biden to ransomware more aggressively. The new group members—simply called the Ransomware Task Force—has been reporting to the White House this week asking the president and the US intelligence community to prioritize disruption to cyber-criminal networks involved in continuous malware attacks on U.S. targets.

The eighty-page report includes an integrated strategy that brings together public and private sectors to better focus on an international business model that supports ransomware, with a focus on specific policies aimed at breaking down multiple attacks on the infrastructure, payments and individual criminals.

RTF has a diverse range of members from large companies, from Amazon and Microsoft to prominent cybersecurity companies like FireEye, CrowdStrike, BlueVoyant, McAfee, and others, launching a Silicon Valley think tank called the Institute of security and technology. The group also includes employees of federal agencies such as the Federal Research Board, the Cybersecurity and Infrastructure Security Agency and the Homeland Security Department.

Although Ransomware has been around for decades, there has been a rapid swell in U.S.-based activity for the past few years—all of which is felt by state and local governments, schools and companies. The more aggressive and dangerous approaches that criminal groups are willing to take in order to seek rewards are also demonstrated in recent incidents—such as the leaking of sensitive internal police documents, or the widespread targeting of hospitals during the pandemic.

The report states: “Ransomware is not just about financial extorture; it is a crime that transcends the boundaries of business, government, academia and geography. “It is a crime that is also mocking to global criminal organisations, both private and tax dollars. The revenue of the victims can be used to finance illegal activities ranging from trafficking in human beings to the development and spread of weapons of mass destruction.”

One of the most ambitious objectives outlined in the report is to monitor financial transactions associated with cyber attacks more effectively. “Ransomware attacks are profitable because ransom payments are paid using various cryptocurrencies, which make it hard to trace the payments and easily wash them,” says the report. “The challenge for governments is to find new ways to get into payments for ransomware. To evaluate progress towards this objective, it is important to set measurable goals.” The report proposes developing links with analytical blockchain companies which can chart and map illegal activity on crypto platforms.