The Chief Executive Officer of Colonial Pipeline has allowed his business paid hacking specialists approximately $4.5m a week ago subsequent to their hacking process forced the business to stop transporting fuel. On the other hand, the latest research from a qualified Bitcoin analyst Elliptic recommends that this is just a drop in the ocean.
The hacking professionals accountable DarkSide have gained a minimum of $90m ransom payments from approximately forty-seven victims since last August as per the Bitcoin records reveal. For example, hackers targeted the Irish health system twice, US pipeline hackers did not mean to make problems, and Foreign Secretary issues warning on the cyber-attacks reveal increasing hackers related problems in the world.
DarkSide is one of the most prolific ransomware gangs with a goal to make vast profits from holding schools, companies, hospitals, and governments to ransom. These people work anonymously in countries unwilling to arrest them. Thus, it is too difficult to track down these people.
A cyber-crime mess worldwide has reignited calls for all the nations to prohibit ransom payments to professionals in the hacking sector. Ransomware criminals nowadays hold computer systems hostage and demand large payments from victims for restoring order.
The role of the law-enforcement agencies
The most recent hacking-related attacks stop victims from accessing computers and content until they get paid. Successful and reliable law enforcement agencies throughout the world these days urge victims not to pay. However, ransoms payment is above-board. Many companies pay ransom in secret. The Ransomware Task Force worldwide alliance of cyber-specialists lobbies government to take necessary actions. There are nearly 50 suggestions to reduce the crime spree, however couldn’t agree over whether nations must ban ransom payments.
Banning payments may result in a horrific game of chicken. Rapi7 community as well as public affairs vice president Jen Ellis reveals that many people agree that the government must prohibit paying ransoms in an ideal world. This is because ransomware is a profit-motivated crime and discouraging the crime altogether. Nobody would be faced with UCH funding organized crime as we do not live in an ideal world.
Different problems to the society
Cyber-criminals would shift the overall focus towards businesses with the ability to deal with downtime soon after banning payments in the world we live in. Some of these businesses include energy providers, schools, hospitals, and water-treatment plants. Hackers expect the harm to society mainly caused by this downtime for applying essential pressure and ensuring they get paid.