The Justice Department said last week it plans to start addressing cyberattacks in much the way it approaches the fight against terrorism."The key to disrupting ransomware is disrupting the ransomware supply chain," Gurvais Grigg, an FBI veteran who is now public sector CTO at crypto firm Chainalysis, said on the Axios Re:Cap podcast.Officials with some of the cities hit with ransomware remember it as a long and expensive process that costed. Yes, but: Experts say the key to slowing the trend is turning the tables on attackers through collective action. Ransomware attacks have been hitting multiple U.S. Moreover, the tool inherently trusts applications that are already present on the system when it is installed. Second, many companies simply can't afford to risk losing their data. As such, if ransomware abuses an signed Apple binary (or process, perhaps via injection), RansomWhere would not detect this. First, the rise of cryptocurrency makes it easy for data hijackers to collect their ransom. The big picture: Two factors are responsible for accelerating the ransomware problem. Proposing a series of 12 principles, designed to help you establish effective control and oversight of your supply chain. "We think the cyber threat is increasing almost exponentially," FBI director Christopher Wray said at a House Judiciary Committee hearing.Electronic Arts suffered a data breach that included source code for some of its games.JBS and Colonial Pipeline have both confirmed they paid ransoms after recent high-profile attacks, while cities and hospitals have also forked over payments to regain control of their data.Why it matters: Such attacks may be motivated by profit, but as recent events have shown, can cause significant disruption to vital industries. Profit-driven cyberattacks are becoming frighteningly routine, with more and more industries facing the threat of having their vital information stolen and little recourse beyond paying a ransom.
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