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This is How to End Ransomware

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1 year ago

We can rid the world of ransomware attacks to such an extent they are no longer a likely risk vector! It is possible, but we all have to work together.

This is not a sales pitch; in fact, I explain why no product or service can truly deliver us from the tightening jaws of ransomware. This is an exploration of an idea that will deliver all the criteria of success for the world to collaboratively end ransomware!

It all starts with one simple concept: criminalize the payments of digital ransoms.

It is controversial proposal.

The act of establishing a criminal law prohibiting the payment of ransoms will start a chain reaction that will ultimately end in the undermining of ransomware attacks across the globe.

The key is how one act will set in motion a cascading chain of events, like dominoes falling one after another, to reach our goals. This video explains the 10 steps that will happen.

In today’s video, I break down that cascading set of events that would reverse the incredible growth trend of this digital attack and end ransomware as we know it. Be sure to stay for the end, where I list all the arguments against this idea, gathered from discussions with peers. I will dispel them all in next week’s video.

This video explains the 10 steps that will happen:
 0:00 End Ransomware for Everyone
 2:40 Relevance & Complexity Factors
 4:50 Success Criteria
 7:20 Plan Proposal
 8:34 Phases of Success 
 10:16 Step 1 — Law is Passed 
 11:50 Step 2 — Grace Period Ends 
 17:13 Step 3 — Money Flow Constricts 
 20:19 Step 4 — Attacker Desperation 
 22:52 Step 5 — Attacks Decrease 
 24:24 Step 6 — Solutions & Enforcement Rise 
 27:16 Step 7 — Success is Promoted 
 31:17 Step 8 — Attackers Shift Targets 
 32:29 Step 9 — Other Nations Follow 
 33:27 Step 10 Ransomware is History 
 36:45 Arguments Against (primer for next video)

Let’s walk the logic and think strategically several moves ahead.

The ability to undermine ransomware is within our grasp!


Thanks for watching. Let’s communicate and collaborate together. That is how we make cybersecurity strong in protecting the global digital ecosystem.

I put out a new video about every week on various cybersecurity topics, risks, ideas, events and best practices. If you like these cybersecurity videos and are interested in more cybersecurity insights, rants, and strategic viewpoints, please click the Like button and Subscribe to the Cybersecurity Insights channel! https://www.youtube.com/c/CybersecurityInsights

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Comments

Thanks for publishing this interesting idea.

I'm internally conflicted on this one.

One the one hand it could really end ransomware attacks, which are a burden on society and enrich the wrong kind of people.

On the other hand it relies on coersion and necessitates global synchronizing of law. That goes against my voluntaryist principles.

Tough.

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1 year ago

I too really dislike the path of regulation... But I do recognize that when the natural forces that should drive organizations to align to consumer benefits is not working, regulation is needed. Privacy laws are a good example. Before them, companies were not doing the right things that benefitted consumers. It took the laws to be implemented.

Sadly, I think we are in a similar desperate situation with ransomware. This strategy is not what I would prefer or even like, but in my analysis it is the only plan that would actually be effective.

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