The Institute for Security and Technology (IST) announced Monday it would host a new, broad, multisector task force to find solutions to ransomware, with delegates ranging from industry to law, insurance to government think tanks.
"A lot of groups are trying to approach this in a sector-by-sector silo," said Philip Reiner, chief executive officer of IST. "We can't succeed if we stay in a sectoral approach."
Ransomware has been a growing threat, with estimates in recent growth ranging as high as a 715 percent year-over-year increase. While the goal is monetary, the effects can be as devastating as an intentionally destructive attack. Companies have shut down over the impact of ransomware, a woman died after a hospital hit by ransomware in Germany turned her away (though authorities later determined the woman was in poor enough health, the hospital probably would not have been able to help in a normal situation), and various cities have had to shut down services.
Please register to continue.
Already registered? Log in.
Once you register, you'll receive:
The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.
Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.
SC Media’s essential morning briefing for cybersecurity professionals.
One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.