“For all of their big talk on their blog, I think this got way out of hand,” Liska told the news outlet. However, cybersecurity expert Allan Liska told Reuters that he believed the group was likely in over its head with the scope of this massive global hack. The group had originally demanded $70 million in exchange for the data. Reuters reports an affiliate of the gang told cybersecurity expert Jack Cable of the Krebs Stamos Group they would sell a “universal decryptor” for $50 million. The main idea of Cable is to combat ransomware by developing public awareness around the issue.The Russia-linked ransomware gang known as REvil has reportedly lowered the amount of money it is willing to accept in exchange for data belonging to hundreds of companies worldwide that it is holding hostage. Cable is of the view that he is fully aware of the implications of submitting false data. Ransomware is a pervasive global threat that requires experts to step up to the occasion to eliminate it. Ransomware is a great example of how members of the community of cybersecurity experts are collaborating together to eliminate ransomware. But other experts opine that Cable’s idea comes with some challenges. When the context is about total payments, the NetWalker gang leads all-time in the context of data mining.ĭata Cable has been able to collect more than three thousand payments compared to 800 payments to Ryuk. Anyone can download the resulting database. He has been able to track nearly $57 million in payments. He is working dedicatedly to develop a treasure trove of information. He further added that the crowdfunding project is headed by him. He is also an ethical hacker at the Defense Department’s Digital Service. Cable also works as a security architect at a reputed company. Cable further adds that this program will highlight the actions required to fight fraud related to ransomware. It will also highlight which actions are necessary to fight fraud related to bitcoin. With the invention of Jack Cable’s innovative anti-ransomware program, things will look better for bitcoin investors. Today, the world is devising newer methods to fight ransomware. The student’s name is Jack Cable and he opines that this program will bring transparency around the impact of ransomware. This program can track payments to bitcoin addresses related to known gangs that execute large-scale attacks. Considering these things, a student and security researcher from Stanford University launched an extensive anti-ransomware program. This usually makes it harder for law enforcement agencies to combat attacks and comprehend how to fight them. Most cyberattack victims don’t report the attacks on a larger scale. There are no legal requirements for victims to disclose when they pay the hackers to unlock their network. However, there are few people who can analyze the repercussions of a ransomware attack. Moreover, ransomware is responsible for creating security breaches in large IT companies. And after a series of cyberattacks against the fuel supplier Colonial Pipeline, everyone is serious about the adverse effects of ransomware. There is no denying that ransomware is a grave issue for the national security of many countries.
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