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During five years of operation, the No More Ransom project helped to save $900 million from ransomware

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During five years of operation, the No More Ransom project helped to save $900 million from ransomware

The No More Ransom project, a joint initiative of law enforcement agencies and information security companies, celebrated its fifth anniversary, and on this occasion its participants shared interesting statistics.

Let me remind you that No More Ransom was launched in 2016 as an initiative to combat ransomware. Then only Europol, the Dutch police, Kaspersky Lab and McAfee took part in it.

As part of the No More Ransom project, the nomoreransom.org portal was launched, where users can find information about ransomware and threats posed by them, as well as get free tools to recover their data if it has been “processed” by such malware.

Cryptographers have become a major challenge for European law enforcement over the past few years. This threat affects citizens and businesses, computers and mobile devices, while attackers continue to develop ever more sophisticated techniques in order to have the most negative impact on user data. Initiatives like No More Ransom confirm that success in the fight against cybercrime can only be achieved by joining forces. We look forward to helping many people regain control of their files and explaining how to keep their data and devices safe.said Wil van Gemert, Europol's deputy director of operations.

As of today, the number of participants has grown from four to 170, and currently the official website of the project provides 121 utilities to decrypt files after attacks by various malware (these tools are effective against 150 ransomware families).

No More Ransom project

The decryptors that are available in the No More Ransom repository have already helped 6,000,000 people to recover their files for free. This prevented attackers from earning nearly a billion euros from ransomware attacks.Europol representatives said.

Let me remind you that I also talked about the fact that Sophos and ReversingLabs presented SoReL-20M database with data for information security researchers.

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Vladimir Krasnogolovy
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