No More Ransom Saves Victims Almost €1B Over 5 Years

This article has been indexed from Softpedia News / Security

According to a Europol statement released Monday, a service called No More Ransom Repository has assisted in the recovery of valuable information stolen by hackers from more than 6 million victims and has saved approximately €1B from cybercriminal hands. 

No More Ransom is associated with a collaborative initiative that began five years ago and includes members such as the European Cybercrime Centre, Kaspersky, McAfee, Barracuda, Amazon Web Services, and others. The purpose is to prevent victims from transferring money to ransomware operators in order to fund their activities. 

Ransomware victims are encouraged to reject the demand for payment. Moreover, the project members explain that by paying ransom to cybercriminals, you are only confirming that the ransomware is working, and there is no guarantee that you will receive the required dec…

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