Microsoft and McAfee part of newly formed anti-ransomware coalition - Ransomware Task Force (RTF)

guest · Dec 22, 2020

Microsoft and McAfee part of newly formed anti-ransomware coalition
December 22, 2020
https://www.techspot.com/news/88060...t-newly-formed-anti-ransomware-coalition.html

What just happened? Ransomware is a problem that’s getting worse. In an attempt to tackle the growing threat, a group of tech companies, security firms, and non-profits have created a coalition: the Ransomware Task Force (RTF).

Created by the Institute for Security and Technology (IST), the RTF boasts big tech names such as Microsoft, McAfee, and Citrix. It aims to create a clear framework of actionable solutions to deal with ransomware threats.

We are excited to join @IST_org as a member of their #RansomwareTaskForce, a broad coalition of top experts in the public and private sectors working to significantly reduce the #ransomware threat. Learn more. https://t.co/mOJwwOlhuf pic.twitter.com/6aLo0DnBNV
— McAfee_Gov (@McAfee_Gov) December 21, 2020
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“The RTF will assess existing solutions at varying levels of the ransomware kill chain, identify gaps in solution application, and create a roadmap of concrete objectives and actionable milestones for high-level decision-makers,” states the IST’s announcement.

It’s hoped that by working together, the organizations will find more success in what often feels like a losing battle.

“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.”
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IST: The Institute for Security and Technology (IST) Launches Multi-Sector Ransomware Task Force (RTF)

December 21, 2020 — The Institute for Security and Technology (IST) — in partnership with a broad coalition of experts in industry, government, law enforcement, nonprofits, cybersecurity insurance, and international organizations — is today launching a new Ransomware Task Force (RTF) to tackle this increasingly prevalent and destructive type of cybercrime.

The RTF’s founding members understand that ransomware is too large of a threat for any one entity to address, and have come together to provide clear recommendations for both public and private action that will significantly reduce the threat posed by this criminal enterprise.
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FanJ · Dec 23, 2020

I don't fully understand why this new Ransomware Task Force. There is already the No More Ransom project. See:
https://www.wilderssecurity.com/thr...anies-join-forces-to-fight-ransomware.387365/

The No More Ransom project is also a coalition of industry, government, law enforcement etc.
Why this new Task Force not put under the umbrella of the No More Ransom project? Remember that McAfee was one of the original founders of that project.
Anyways, whatever ...

guest · Dec 23, 2020

Microsoft, McAfee, Rapid7, and Others Form New Ransomware Task Force
Industry group wants to get a framework in the hands of the new administration's cybersecurity officials by early spring 2021
December 23, 2020
https://www.darkreading.com/vulnera...orm-new-ransomware-task-force-/d/d-id/1339802

Philip Reiner, CEO of IST, which will head up the effort, anticipates the group will expand as word gets out and more companies and organizations join.

The time has come for the industry to work on the ransomware issue, especially as the attacks have not stopped and security teams were hit with the SolarWinds attack in the past week, adds Michael McNerney, chief operating officer at cyber insurance company Resilience.

"Our idea in developing the task force was that it was bigger than any one company or group," he says.
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The first two ISACs the task force has reached out to are the Multi-State Information Sharing & Analysis Center (MS-ISAC) and the Health Information Sharing & Analysis Center (H-ISAC), IST's Reiner says. The task force hopes to bring many more ISACs into its umbrella, he says.

A task force on ransomware offers a lot of promise because many of the potential solutions will require cooperation and critical mass, adds Ari Schwartz, executive coordinator of the Cybersecurity Coalition.
For example, can the industry find ways to share information about incidents and actors without embarrassing or otherwise punishing victims? Can it develop solutions to track and catch the criminals?
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"We do not know how many members the group will have yet, but it is important that it include technologists, security experts, policy leaders, lawyers, and former government leaders," Schwartz says.
"We think that from the list of who is already participating we will be able to pull that together, and all signs point to interest from others."
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mood said: ↑

IST: The Institute for Security and Technology (IST) Launches Multi-Sector Ransomware Task Force (RTF)
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Founding Ransomware Task Force partners include:

Aspen Digital
Citrix
The Cyber Threat Alliance
Cybereason
The CyberPeace Institute
The Cybersecurity Coalition
The Global Cyber Alliance
McAfee
Microsoft
Rapid7
Resilience
SecurityScorecard
Shadowserver Foundation
Stratigos Security
Team Cymru
Third Way
UT Austin Stauss Center

The Ransomware Task Force website, including full membership and leadership roles, will be launched in January 2021.

FanJ · Dec 23, 2020

mood said: ↑

Microsoft, McAfee, Rapid7, and Others Form New Ransomware Task Force
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I can't help it but to me it sounds like re-inventing the wheel. There is already an international organisation, the No More Ransom project.
But wait, it is probably all about politics (which we cannot discuss here). It was based in Europe. There were hardly three-letter US agencies involved. They could have easily joined. Years too late the sound of a bell was heard there, it seems... So, good luck with re-inventing the wheel. What a waste of money, time and effort. But good luck with it.

guest · Apr 29, 2021

Security expert coalition shares actions to disrupt ransomware
April 29, 2021
https://www.bleepingcomputer.com/ne...alition-shares-actions-to-disrupt-ransomware/

The Ransomware Task Force, a public-party coalition of more than 50 experts, has shared a framework of actions to disrupt the ransomware business model.
Congress help neeeded
Some of the rules developed within the Ransomware Task Force (RTF) require Congressional help to modernize some cybersecurity laws, such as the Cybersecurity Information Sharing Act of 2015 and the Computer Fraud and Abuse Act (CFAA).

The changes should incentivize ransomware victims to share anonymously ransomware payment details (cryptocurrency wallet addresses, transaction hashes, ransom notes).
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RTF's recommendations are designed for long-term effect once adopted and are likely to improve the cybersecurity posture of organizations. They can also tighten the collaboration between multiple actors dedicated to keeping the world safe from cyber threats.
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Minimalist · Jun 23, 2021

Craig Newmark Philanthropies donated $450k to boost anti-ransomware coalition

The Institute for Security and Technology received a $450,000 donation from Craig Newmark Philanthropies to continue its work combatting ransomware, the organization shared first with CyberScoop.
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https://www.cyberscoop.com/craig-ne...ated-450k-to-boost-anti-ransomware-coalition/

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