Taskforce to tackle the ransomware economy

The Institute for Security and Technology (IST) put together [a] coalition teaming up more than 60 software companies, government agencies, cybersecurity firms, financial services companies, academic institutions, and nonprofits to combat ransomware problem. Among the members, Amazon Web Services, Center for Internet Security, Cisco, Citrix, CrowdStrike, Ernst and Young, Deloitte, FireEye, Microsoft, and government organizations including the U.S. Department of Justice, Europol, and the U.K. National Cyber Security Centre(NCSC).

This follows the January takedown of the Emotet botnet by the FBI and law enforcement in Canada and Europe. A similar coalition was unsuccessful in permanently taking down the TrickBot botnet in late 2020.

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