Europol and IT Security Companies Team Up to Combat Ransomware Threat
Jul 25, 2016
No More Ransom, so is the Ransomware Threat. The European Police agency Europol has joined forces with police and cyber security companies to launch a worldwide initiative to combat and tackle together the exponential growth of Ransomware used by cyber criminals. Europol announced today the initiative, dubbed NO More Ransom, that has been backed by technology giant Intel, cyber security firm Kaspersky Lab and the Netherlands police, aiming at decreasing an "exponential" rise in Ransomware threat. Ransomware is a piece of malware that typically locks victim's device using encryption and demands a fee to decrypt the important data. The estimated number of ransomware victims tripled in the first quarter of this year alone. "For a few years now ransomware has become a dominant concern for EU law enforcement," said Europol's deputy director Wil van Gemert. "We expect to help many people to recover control over their files, while raising awareness...
