mnemonic, a leading provider of Managed Detection and Response Services and cyber threat intelligence research, has joined the No More Ransom project as a supporting partner. The project is a global initiative between law enforcement and IT security companies to disrupt cybercriminal businesses with ransomware connections.
Launched in July 2016, No More Ransom is a global collaborative initiative by Europol’s European Cybercrime Centre (EC3), the National High Tech Crime Unit of the Netherlands’ police, Kaspersky Lab and Intel Security. The goal of the initiative is to help victims of ransomware retrieve their encrypted data without having to pay the criminals.
Since December 2016, more than 10 000 victims from all over the world have been able to decrypt their affected devices thanks to the tools made available free of charge on the platform. The platform www.nomoreransom.org is now available in 14 languages and contains 40 decryption tools.
“Our Security Operations Centre saw a 199% increase in ransomware incidents in 2016” states Jørn Tore Hov, Chairman of the Board at mnemonic. “Ransomware is a growing, global problem that we must face together. Initiatives like No More Ransom demonstrate the immediate impact that collaboration between law enforcement and the private sector can have in disrupting cybercriminals” adds Hov.
mnemonic joins law enforcement agencies from Australia, Belgium, Columbia, Denmark, Finland, France, Israel, Italy, Lithuania, Romania, Russia, Singapore, South Korea, Spain, Switzerland, and Ukraine, along with INTERPOL, ENISA, the Global Cyber Alliance (GCA), and CERT-EU, amongst others in the public and private sectors.
More information and prevention tips are available on www.nomoreransom.org.