Intel Corporation, Kaspersky, Europol Counter Ransomware

Intel Corporation, Kaspersky, Europol Counter Ransomware
By The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons

Intel, the world’s largest chip maker, will be collaborating with the European police agency Europol and Kaspersky to tackle the exponential growth of ransomware use by criminals. Europol announced its collaboration with Intel and police and security expert Kaspersky Lab from the Netherlands on Monday.

A joint effort by Intel, Europol, Kaspersky Lab

To inform people about the dangers of ransomware and aid victims in recovering their data without having to fork over money to criminals, the agency and the companies launched an online portal called “No More Ransom.”

Security expert Kaspersky said paying those who take your data hostage only makes the ransomware problem even worse. Ransomware steals the user’s data and holds it hostage, compelling companies and individuals to pay criminals to regain control of that data. According to research by Kaspersky, the number of ransomware attacks has hiked more than fivefold, from 131,111 to 718,536, between 2014-2015 and 2015-2016.

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