Cyber Crime, especially ransomware spread, has reached a stage where tech companies are finding it difficult to stop or at least disrupt it. American Technology giant Microsoft has a similar overview on the ransomware distribution and concludes that it is almost impossible to disrupt ransomware.
Tom Burt, the CVP of Customer Security, Microsoft has come to an above stated conclusion in his Microsoft Annual Digital Defense Report, while appreciating the work of those who assisting taking down REvil.
‘While the law enforcement agencies across the world are trying their best to curb ransomware. But prosecution of those indulging in the malware spread is getting difficult, especially when cyber criminals from cross borders are involved in the crime,’ said Burt.
Although notable success was observed in tacking cyber crime to a large extent last year, efforts to prosecute those behind the attacks were not fruitful, felt by Mr. Tom Burt.
With Ransomware-as-a-service business picking up pace, the trend to witness an increase in cyber attacks, especially those related Triple extortion, is expected to proliferate to many folds.
Information sharing about file encrypting malware attacks, proactive security measures, creating awareness among employees about the current cyber landscape and having data continuity solutions in place might help in mitigating the said cyber threat to a large extent. Simultaneously, not paying a ransom might also help in curbing the crime proliferation to a large extent.
NOTE- FBI is urging victims not to bow down to the demands of ransomware spreading gangs as it not only encourages crime further but also doesn’t guaranty a decryption key for sure.