Ransomware must be a priority, with coordinated international diplomatic and law enforcement efforts and a carrot-and-stick strategy that leads nation states from providing safe havens to criminals, a ransomware working group report released Thursday.  The working group of more than 50, assembled by San Rafael, California-based Institute of Security and Technology, included Internet and cyber security companies, government agencies, nonprofits, and academic institutions. It was co-chaired by Michael Philips, Chief Executive Officer of Resilience Cyber Insurance Solutions.
Among other recommendations in the 81-page report is that the United States leads by example and carries out "a persistent, aggressive, whole-government, intelligence-driven ransomware campaign" coordinated by the White House.
It is also recommended that governments set aside cyber responses and recovery tools to support ransomware responses.
The Working Party also called for an internationally coordinated effort to develop a clear, accessible and widely accepted framework for responding to ransomware attacks and recommended that the cryptocurrency sector be further regulated. Catalog