Archive

ransom payments

Exploring the UK’s Ransomware Legislative Proposals

March 26, 2025 9:00 am

Exploring the UK’s Ransomware Legislative Proposals

On March 26, IST and the Ransomware Task Force hosted an in-depth discussion on the UK’s government recent open consultation on ransomware.

critical infrastructure, incident reporting, ransom payments, Ransomware

March 26, 2025

2023 RTF Global Ransomware Incident Map: Attacks Increase by 73%, Big Game Hunting Appears to Surge

2023 RTF Global Ransomware Incident Map: Attacks Increase by 73%, Big Game Hunting Appears to Surge

According to the Ransomware Task Force’s fourth Global Ransomware Incident Map, ransomware attacks increased 73% in 2023. Using Ecrime.ch data, the map analyzes incidents across 117 countries originating from 66 ransomware groups.

CL0P, incident map, ransom payments, Ransomware, Ransomware-as-a-Service

September 26, 2024

Ransomware Task Force: Doubling Down

Progress Report, Report

Ransomware Task Force: Doubling Down

While the U.S. government and its partners made great strides in combating ransomware in 2023, attacks have only increased. Of the 48 recommendations made in the original RTF Report, our assessment remains unchanged from a year ago: only 24 have seen significant progress.

cybersecurity, incident reporting, ransom payments, Ransomware

April 24, 2024

Information Sharing in the Ransomware Payment Ecosystem: Exploring the Delta Between Best Practices and Existing Mechanisms

Information Sharing in the Ransomware Payment Ecosystem: Exploring the Delta Between Best Practices and Existing Mechanisms

IST's latest report pulls from a recent attack scenario exercise performed by the Ransomware Task Force's Payments Working Group, comparing the results to information sharing case studies including the Hive disruption operation, the Emotet botnet takedown, and the Colonial Pipeline ransom recovery.

Colonial Pipeline, cybersecurity, Emotet, Hive, ransom payments, Ransomware

April 17, 2024

Testimony: Held for Ransom: How Ransomware Endangers Our Financial System

Testimony: Held for Ransom: How Ransomware Endangers Our Financial System

On April 16, 2024, Chief Strategy Officer Megan Stifel testified before the House Committee on Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions for a hearing entitled, "Held for Ransom: How Ransomware Endangers Our Financial System."

financial services, ransom payments, Ransomware

April 16, 2024

Roadmap to Potential Prohibition of Ransomware Payments

Roadmap to Potential Prohibition of Ransomware Payments

The Ransomware Task Force Co-Chairs present a roadmap to potential prohibition of ransomware payments with 16 milestones that, if pursued concurrently by government and the private sector, could reduce the need for a prohibition of ransomware payments in the first place or facilitate its eventual imposition.

ransom payments, Ransomware, roadmap

April 10, 2024

Unpacking a Potential Ban on Ransom Payments: Implications, Alternatives, and What’s Next

February 15, 2024 11:00 am

Unpacking a Potential Ban on Ransom Payments: Implications, Alternatives, and What’s Next

Ransomware continues to threaten organizations, governments, schools, and even lives. Ransomware actors are primarily profit-motivated. Would a ban meaningfully decrease payments, and if so, would criminals shift away from this tactic? On February 15, IST hosted a webinar to assess the ecosystem’s level of preparedness for a ban, unpack the implications of a ban across industries, and discuss what comes next.

incident reporting, ransom payments, Ransomware, resilience

February 15, 2024

Ransomware Roundup: LockBit, Payment Bans, and Trends

August 23, 2023 1:00 pm

Ransomware Roundup: LockBit, Payment Bans, and Trends

On August 23, 2023, IST adjunct advisors and members of the Ransomware Task Force Jen Ellis, Marc Rogers, Jason Kikta, and Silas Cutler hosted a popup webinar on the latest ransomware news.

LockBit, ransom payments, Ransomware

August 23, 2023

Mapping Threat Actor Behavior in the Ransomware Payment Ecosystem: A Mini-Pilot

Mapping Threat Actor Behavior in the Ransomware Payment Ecosystem: A Mini-Pilot

This mini-pilot overlays actual threat actor behavior on the original ransomware payment ecosystem map. It seeks to identify which kinds of disruption could be the most effective and where to apply them in the payment process.

cybersecurity, mini pilot, ransom payments, Ransomware

May 22, 2023

May 2023 Progress Report: Ransomware Task Force: Gaining Ground

Progress Report

May 2023 Progress Report: Ransomware Task Force: Gaining Ground

As of May 2023, 92% of the 48 RTF recommendations have seen some action, with 50% experiencing significant progress, including through legislation and policy adoption.This report walks readers through the RTF’s second year, acknowledging tremendous shifts in the ecosystem, especially in light of the war in Ukraine, and highlights key areas of progress.

disruption, incident reporting, progress report, ransom payments, Ransomware

May 5, 2023

Mapping the Ransomware Payment Ecosystem: A Comprehensive Visualization of the Process and Participants

Mapping the Ransomware Payment Ecosystem: A Comprehensive Visualization of the Process and Participants

Central to our ability to mitigate the threat of ransomware is the development of a common understanding of the actors, stakeholders, processes, and information, both required for and produced during the ransomware payment process. Yet, when we began this work, such a picture did not exist. We undertook this effort to fill that gap.

mapping, ransom payments, Ransomware, visualization

November 15, 2022

Testimony: Rising Threats: Ransomware Attacks and Ransom Payments, Enabled by Cryptocurrency

Testimony: Rising Threats: Ransomware Attacks and Ransom Payments, Enabled by Cryptocurrency

On June 7, 2022, IST Chief Strategy Officer Megan Stifel testified in front of the U.S. Senate Committee on Homeland Security and Governmental Affairs for the hearing entitled, "Rising Threats: Ransomware Attacks and Ransom Payments, Enabled by Cryptocurrency."

blueprint, cryptocurrency, cybersecurity, ransom payments, Ransomware

June 7, 2022

To Pay A Ransom: Costs and Ethics of Paying Ransomware Demands

August 25, 2021 11:31 am

To Pay A Ransom: Costs and Ethics of Paying Ransomware Demands

What are the costs and ethics of paying ransom demands to cybercriminals? Payments perpetuate ransomware, but could a payment ban truly be feasible? On August 25, 2021, IST hosted experts for a virtual discussion.

debate, ransom payments, Ransomware, Ransomware-as-a-Service

August 25, 2021

Cut Off The Cash: Cryptocurrency and Ransomware Payments

February 25, 2021 2:00 pm

Cut Off The Cash: Cryptocurrency and Ransomware Payments

Ransomware actors consistently demand ransom payments in cryptocurrencies, obscuring the ransom payment process and moving it to the digital domain. But how reliant is the success of ransomware on the use of cryptocurrency, and how anonymous are these coins? IST hosted a conversation on February 25, 2021 to assess the relationship between cryptocurrency and ransomware payments.

cryptocurrency, ransom payments, Ransomware

February 25, 2021