The company details its new approach to combatting cyber crime as the underground industry drains $6 trillion from the global economy. By Connor Jones.
A leading Microsoft security executive said the efforts of law enforcement to try and shut down ransomware operations aren’t enough to provide a meaningful deterrent.
“The problem with the efforts by law enforcement globally to try to address ransomware is that the challenges of conducting traditional law enforcement investigations and prosecutions against ransomware actors are just too difficult given the the cross-border nature of that activity, the fact that a lot of the actors are beyond the reach of law enforcement that care about this issue. It’s just too difficult,” said Burt.
Asked about the nature of ransomware organisations’ evolving tactics, such as triple extortion, Microsoft said the primary development in tactics, techniques, and procedures (TTPs) is in how they evade detection. Interesting read!
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