Combating Ransomware Framework and Recommendations

This report is a comprehensive framework for addressing the escalating threat of ransomware, prepared by the Institute for Security and Technology. It outlines the urgent national security risks posed by ransomware, which has evolved into a significant form of cybercrime affecting various sectors, including healthcare and education. The report details the collaborative efforts of the Ransomware Task Force, consisting of over 60 experts from diverse fields, to develop actionable recommendations aimed at disrupting the ransomware business model and mitigating its impact. The framework includes four primary goals: deterring ransomware attacks through coordinated strategies, disrupting criminal profits, enhancing organizational preparedness, and improving response mechanisms to ransomware incidents. The report emphasizes the need for international cooperation and the establishment of regulatory measures to address the challenges posed by cryptocurrency in ransomware transactions. It calls for immediate action from governments and organizations to implement the recommendations collectively to effectively combat the growing ransomware threat.