Interpol calls on national police to prevent “ransomware pandemic”

Interpol Secretary-General Jurgen Stock called on police agencies from around the world to form a global coalition with partners from the cyber security industry to prevent a possible “pandemic” ransomwarea”.

Secretary-General Stock said that while there are some solutions on a national or bilateral basis, the best tactic to stop the seemingly endless wave of ransomware attacks is to adopt the same international co-operation strategy used to fight organized crime and terrorism.

The call for expanding cooperation in the fight against ransomware was caused by its exponential growth in the cybercrime ecosystem, and the transition of cybercriminals to the business model of “ransomware as a service”.

“Ransomware criminals are constantly adjusting their tactics, acting without limits and almost with impunity despite the gravity of their crimes,” said Stock on the Interpol forum on ransomware, adding that just like in the current corona virus pandemic, ransomware is evolving into different variants, bringing huge financial gains to criminals.

“Ransomware has become too much of a threat for any entity or sector to deal with on its own; the magnitude of this challenge calls for urgent united global action that Interpol can facilitate as a neutral and reliable global partner. “

A Chainalysis survey found that criminals earned $ 350 million last year from blackmailing ransomware victims, an increase of 311 percent in one year. In the same period, the average ransom rose 171 percent, Palo Alto Networks said.

“Ransomware is emerging as the equivalent of a ‘Wild West’ digital space in which anyone can become a victim at any time. Combating ransomware requires a collective effort by all to improve cyber hygiene in all sectors, increase costs and risk for cybercriminals and reduce profitability for criminals, ”said Tal Goldstein, head of strategy at the Center for Cyber ​​Security.

It should be reminded that earlier international operations coordinated by Interpol have shown that the cooperation of police from all over the world in the fight against crime can lead to extraordinary results.

Interpol is not the only one concerned about ransomware attacks that indiscriminately target entities from all sectors and almost all countries around the world.

In a phone call on Friday, US President Biden asked Russian President Putin to take measures against ransomware groups operating within Russian borders.

This call for action followed a major REvil ransomware attack that hit dozens of customers of Kaseya and approximately 1,500 other companies that are their users.

White House Press Secretary Jen Psaki said on Tuesday that the United States would take measures against ransomware gangs from Russia if “the Russian government cannot or will not.”

G7 leaders have also called on Russia to take action against ransomware gangs responsible for attacks on organizations from critical sectors around the world.

Source: by

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