Battling Ransomware With Crowdsourced Threat Intelligence

Ransomware Gangs’ Profits Still Booming, Say AlienVault Security Researchers

It’s boom time for the ransomware business as criminals continue to make easy cryptocurrency paydays via crypto-locking attacks.

It’s boom time for the ransomware business as criminals continue to make easy cryptocurrency paydays via crypto-locking attacks. AlienVault’s Javvad Malik and Chris Doman detail how crowdsourced threat intelligence can help in the fight against this threat.

“It makes perfect sense for a criminal – it’s low risk … and you’re looking at a decent return rate on it, so it’s a very attractive model. And we’re seeing a lot more really organized cybercriminals really getting into that,” says Javvad Malik, a security advocate at AlienVault.

Criminals are also diversifying into new business models, including open source ransomware and ransomware as a service, he adds.

To help battle these attacks, gathering and sharing threat intelligence is more critical than ever, says Chris Doman, a security researcher and threat engineer at AlienVault

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Source: Bank Info Security