In The News

Multi-Gov Task Force Plans to Take Down the Ransomware Economy

Threatpost

29 Apr 2021

Alex Iftimie spoke to Threatpost about the public-private Ransomware Task Force, a coalition of 60 global entities that has proposed a sweeping plan to hunt down and disrupt ransomware gangs by going after their financial operations.

“The Task Force will help the Department of Justice take a coordinated and focused approach to what has become a widespread scourge of ransomware and other cyber-extortion,” Alex said. “I expect we’ll see more extortionists in handcuffs, additional disruption operations focused on hackers’ infrastructure and malware, and additional diplomatic pressure on jurisdictions that harbor or turn a blind eye to the activity under their noses. I also expect we’ll see efforts to encourage victims to come forward – practitioners and the security community will be watching closely to see what assurances will be given to victims that come forward.”

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