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In the last few years, thousands of businesses, hospitals, school districts, local governments, and other entities have fallen victim to ransomware. Several government and quasi-government groups are looking to take action. The Institute for Security and Technology’s (IST) Ransomware Task Force (RTF) recently offered several notable recommendations that will affect the private sector if adopted.
On April 29, the RTF – a coalition of volunteers from industry, government, law enforcement, civil society, cybersecurity insurers, and international organizations – released a report titled
Combating Ransomware (Report), which provides a framework for addressing ransomware’s proliferation. The RTF defines ransomware as a form of cybercrime through which criminals remotely compromise computer systems and demand a ransom in return for restoring and/or not exposing data. As the RTF explains, ransomware is a flourishing cri