Coalition among the stakeholders is formed to counter the increasing ransomware attacks. Victimizing several government agencies, schools, hospitals, and other institutions last year 2020.
Ransomware is not just a growing security threat, it created havoc as more and more agencies and institutions are being victimized. Putting to risk the sick people, children, financial institutions and practically everyone, says Philip Reiner. Reiner is the executive chairman of the Ransomware Task Force that was created in the Institute for Security and Technology, says Miller of TheHill. This calls for the formation of the Coalition.
Coalition from different sectors
Different sectoral groups are called to collaborate in the fight against cyberattack. The inputs coming from the different sectors give more understanding in order to come up with comprehensive policy. Hoping that this policy will protect different sectors of the society, Reiner added.
The non-profit organization from California aims to come up with timely recommendations that will hopefully help concerned government agencies and the private sectors who battle against ransomware attacks.
Increasingly the attack Hackers have used involves accessing and encryptions of the victims’ data. Then, demanding payment in order to restore access to data. This cyber criminal activity has victimized city governments in Atlanta, Baltimore and New Orleans over the past two years.
Cyberattacks is becoming a growing concern to health care providers
Recently, hospitals have become the target during this coronavirus pandemic. As bigger funds have been allocated to the health sector particularly in the fight against COVID-19. Cyber criminals took advantage of the hospital’s vulnerability making the health care institutions an easy target to make huge amounts of money.
Health care givers have already been stressed as they cope with the surging COVID-19 cases, this cyberattack all the more makes their work difficult. In some instances, death due to delayed intervention has been attributed to the cyberattacks.
The ransomware is evolving from economic displeasure to a national security and public health, says Michael Daniel. Former President Obama’s special assistance and became the cybersecurity coordinator on the Council of the National Security. Daniel added that this cyberattack has affected almost every sector in the society and both public & private organizations big and small.
Coalition’s task force
Daniel is now the President and CEO of the Cyber Threat Alliance, and a member of the Coalition that fights against the cyberattack. The coalition’s task force is composed of major players who are into cybersecurity and technology sectors. such as Microsoft, FireEye and McAfee together with related groups like CyberPeace Institute and the Global Cycle Alliance.
The task force has started its work in cooperation with the new administration in Washington. Leaders of government agencies have elevated the concerns over the US cybersecurity, as major cyber attacks happened. Reports said that as the IT group SolarWinds was victimized, it compromised much of the federal government.
President-elect Joe Biden has allocated over $10 billion in cybersecurity and IT funds from the $1.9 trillion COVID-19 relief funds. Calling it an urgent national security concern that cannot be delayed.