A group designed up of 19 safety firms, tech companies, and non-gains, headlined by significant names this kind of as Microsoft and McAfee, have announced on Monday plans to type a new coalition to deal with the increasing menace of ransomware.

Named the Ransomware Process Drive (RTF), the new team will aim on assessing existing technical remedies that supply protections through a ransomware attack.

The RTF will commission pro papers on the subject, interact stakeholders across industries, determine gaps in existing answers, and then do the job on a popular roadmap to have difficulties dealt with among all users.

The close result must be a standardized framework for working with ransomware attacks across verticals, one particular based mostly on an marketplace consensus instead than unique assistance obtained from lone contractors.

The 19 first founding customers reflect the RTF’s perseverance to placing jointly a assorted group of professionals:

  • Aspen Electronic (plan maker team)
  • Citrix (networking machines vendor)
  • The Cyber Danger Alliance (cybersecurity business sharing group)
  • Cybereason (security firm)
  • The CyberPeace Institute (non-financial gain focused to aid victims of cyberattacks)
  • The Cybersecurity Coalition (plan maker team)
  • The World-wide Cyber Alliance (non-profit dedicated to decreasing cyber threat)
  • The Institute for Protection and Technological know-how (coverage maker team)
  • McAfee (protection organization)
  • Microsoft (security business)
  • Swift7 (stability company)
  • Resilience (cyberinsurance company)
  • SecurityScorecard (compliance and danger management)
  • Shadowserver Foundation (non-profit safety firm)
  • Stratigos Stability (cybersecurity consulting)
  • Team Cymru (risk intelligence)
  • 3rd Way (consider tank)
  • UT Austin Stauss Heart (analysis team)
  • Venable LLP (legislation company)

At present, ransomware is neither the most prevalent kind of malware nor the type of cyber-attack that will cause the major economic losses to companies each and every calendar year. That title goes to BEC scams, in accordance to the FBI.

Yet, ransomware is still a key menace and a person that has been trending up, with ransom calls for escalating from quarter to quarter.

“This crime transcends sectors and requires bringing all influenced stakeholders to the desk to synthesize a very clear framework of actionable methods, which is why IST and our coalition of companions are launching this Undertaking Force for a two-to-a few thirty day period dash,” the Institute for Protection and Technology reported on Monday.

The Ransomware Activity Force internet site, together with full membership facts and management roles, will be released next month, in January 2021, followed by a two-to-3 thirty day period dash to get the process drive off the floor.