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News: US reportedly finalizing ransomware response policy


New policy detailing appropriate ransomware response efforts among governments is reportedly being finalized by the Biden administration in a bid to advance collective action in curbing ransomware payments, Reuters reports.

The White House will also be introducing efforts to strengthen ransomware intelligence sharing between countries at the upcoming International Counter Ransomware Initiative meeting to hone in on threat operations and accounts used for ransomware proceeds, according to a senior administration official close to the matter.

"We're committing to sharing bad wallets wallets that are used to move illicit ransom funds as well as a number of other related projects," said the official. Fifty countries around the world have already joined ICRI, which also includes the European Union and the Interpol as its members.

"We have to work to ensure that all the digital connectivity we rely on for our citizens is secure," the official added.

We brainstorm ideas to manage ransomware threats for enterprises

Implement a robust cybersecurity policy

This should include frequent data backup and recovery plans. Regularly backing up data and ensuring that recovery plans are in place can help to minimize the damage caused by a ransomware attack.

Educate employees

It's important to teach your staff about the dangers of clicking on links or attachments from unknown sources. Regular training can help to prevent accidental downloads of ransomware.

Install reliable and updated antivirus software

Using a trusted and current antivirus software and intrusion detection systems can help to identify and prevent potential threats before they cause damage.

Keep all systems and software updated

Ensuring that your systems and software are updated with the latest patches and updates helps to protect against known vulnerabilities that ransomware may exploit.

Restrict user permissions and use strong, unique passwords

Not all employees should have access to all data. Limiting user permissions to only what is necessary for each employee's job, along with using unique and strong passwords, can help to prevent unauthorized access to sensitive data.

Establish a disaster recovery plan

In the unfortunate event of a successful attack, having a disaster recovery plan in place can help to quickly and efficiently restore your systems and data.

Use a secure network infrastructure

Employing the use of firewalls and Virtual Private Networks (VPNs) can add an extra layer of security to your network and help to prevent unauthorized access.

Monitor network traffic and unusual data activity

Keeping a close eye on network traffic and unusual data activity can help to quickly detect potential attacks and take appropriate action.

Work with a cybersecurity firm to perform regular threat assessments

A professional cybersecurity firm can provide valuable insight into potential threats and vulnerabilities, and provide recommendations for how to improve your organization's security.

Develop a rapid response plan

In the event of a ransomware attack, having a plan in place to respond quickly and efficiently can help to minimize damage and downtime.

CloudBacko is conducting backup and recovery business. We recommended doing immutable backup and restore drills regularly. Those actions help fast to restore data after a ransomware attack. Act proactive measures now. Download CloudBacko.