US launches online hub to help ransomware victims

Platform News: Ransomware

The US government has unveiled an online hub for the victims of ransomware attacks, saying it will make it easier for companies and municipalities to find resources and get assistance if they are targeted by cyber hackers.

At the same time, the government also announced it will pay a reward up to $10 million to anyone who can provide fruitful tips to track down cyber criminals who are backed or directed by foreign governments.

The new website, www.StopRansomware.gov, is an initiative led by the Justice and Homeland Security departments.

Many of the resources and information that organizations need to deal with ransomware attacks have historically been scattered across multiple websites, which increased the “likelihood of missing important information,” the Justice Department said in a statement.

The website is “the first central hub consolidating ransomware resources from all federal government agencies,” it said.

The $10 million reward, meanwhile, is being offered by the US State Department’s Rewards for Justice Program. The department said it has set up a dark web channel to help protect the safety of any tipsters who come forward with information. Reward payments may be paid in cryptocurrency, it added.

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The launch of the new website and the $10 million reward come on the heels of a ransomware attack earlier this year against the Colonial Pipeline Co. that led to widespread shortages at gas stations along the East Coast of the United States.

The Justice Department was later able to help Colonial Pipeline recover some $2.3 million in cryptocurrency ransom it paid to hackers.

About $350 million in ransom was paid to cyber criminals in 2020, a more than 300% increase from the previous year, the department said.

“The Department of Justice is committed to protecting Americans from the rise in ransomware attacks that we have seen in recent years,” Attorney General Merrick Garland said.

The team at Platform Executive hope you have enjoyed the ‘US launches online hub to help ransomware victims‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Sarah N. Lynch. Editing by Sonya Hepinstall and Aurora Ellis.

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