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Immediate action required to avoid ransomware pandemic

« Ransomware has become too large of a threat for any entity or sector to address alone »

Speaking at the INTERPOL High-Level Forum on Ransomware, Secretary General Stock said that while some solutions existed nationally or bi-laterally, effectively preventing and disrupting meant adopting the same international collaboration used to fight , human trafficking or mafia groups.

« The World Economic Forum Partnership, in close collaboration with INTERPOL, has been working to shape global architectures to support such collaboration and explore ways to encourage responsible measures by the leadership of victim organisations. »

With Project Gateway providing a framework which enables INTERPOL to cooperate with private partners and receive threat data directly, participants endorsed four recommendations to create a global leadership for action to disrupt and mitigate the impact of ransomware. Under this framework, INTERPOL will also focus on identifying, targeting and disrupting cybercrime threat actors behind ransomware attacks by taking a regional approach for operational coordination with member countries.

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