Microsoft and McAfee Headline Newly-Formed ‘Ransomware Task Force’

A group made up of 19 security firms, tech companies, and non-profits, headlined by big names such as Microsoft and McAfee, have announced on Monday plans to form a new coalition to deal with the rising threat of ransomware. From a report: Named the Ransomware Task Force (RTF), the new group will focus on assessing existing technical solutions that provide protections during a ransomware attack. The RTF will commission expert papers on the topic, engage stakeholders across industries, identify gaps in current solutions, and then work on a common roadmap to have issues addressed among all members. The end result should be a standardized framework for dealing with ransomware attacks across verticals, one based on an industry consensus rather than individual advice received from lone contractors.