News Insights: Justice Department is launching a ransomware task force

Justice Department is launching a ransomware task force

The Justice Department has created a new task force dedicated to rooting out and responding to the growing threat of ransomware, according to an agency memo obtained by CNN Business.

Read the Full Story: Justice Department is launching a ransomware task force

This is in response to this year being the worst ever for ransomware attacks, which is also supported by a recent report highlighting that the largest ransomware demand now stands at $30 million.

News Insights:

According to new analysis from Jeff Brown, CEO at Open Systems, which provides an adaptable and scalable SASE platform with tightly integrated MDR and ZTNA, “The DoJ move – and reports indicating that ransomware has soared 62% since 2019 and that the average ransom payment increased by 60% between the first and second quarters of 2020 – illustrate the extreme risk that such cyberattacks pose for organizations today. This is all happening against a backdrop in which more people are working from home and an increasing number of business applications are moving to the cloud. The extended enterprise edge and growing cyberthreat highlight the need for complete, context-aware, zero-trust solutions.”