Threats, Cybercrime

No More Ransom saves ransomware victims $108 million

Europol marked the third anniversary of the No More Ransom initiative by rolling out a few statistics, the top being that the site has helped more than 200,000 people recover files after a ransomware attack.

ransomware

Since its launch in July 2016, the site has registered 3 million visitors from 188 countries, and ended up stopping $108 million in ransom demands from ending up in criminals’ pockets. The portal added 14 new decryptor tools in 2019, bringing its total to 109.

“The efforts against GandCrab – considered to be one of the most aggressive ransomware attacks last year, epitomizes such a success: Since the release of the first GandCrab tool in February 2018, nearly 40,000 people have successfully decrypted their files, saving roughly $50 million in ransom payments,” Europol wrote.

No More Ransom is available in 35 languages and is powered by the contributions of 150 partners.

“No More Ransom brings hope to the victims, a real window of opportunity, but also delivers a clear message to the criminals: the international community stands together with a common goal, [and] operational successes are and will continue to bring the offenders to justice,” said Steven Wilson, head of Europol’s European Cybercrime Centre (EC3).

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