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Ransomware advice service to tackle extortion gangs

July 25th 2016
Via the BBC - 25/7/16

European police agency Europol is teaming up with cybersecurity companies in an initiative aimed at slowing an "exponential" rise in ransomware.

The scheme revolves around a website that connects victims and police, gives advice and helps with data recovery.

The number of ransomware victims tripled in the first three months of 2016, according to one estimate.

Ransomware is malware that typically demands a fee to unscramble important data on a compromised device.

The No More Ransom site will be updated as ransomware gangs are tackled, one of the project's partners said.

Co-ordinated by Europol, the initiative also involves the Dutch national police, Intel Security and Kaspersky Labs.

"For a few years now ransomware has become a dominant concern for EU law enforcement," said Wil van Gemert, Europol's deputy director of operations.

"We expect to help many people to recover control over their files, while raising awareness and educating the population on how to maintain their devices clean from malware."

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