Ransomware attacks will be daily for 5+ years, NSA chief says

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Ransomware attacks will continue to be a threat for organizations even as the federal government aggressively tries to stamp down hacker groups, The Wall Street Journal reported Oct. 5.

Four things to know:

  1. Army Gen. Paul Nakasone, director of the National Security Agency, said ransomware attacks will remain a threat for years.

  2. Mr.  Nakasone was asked at a cybersecurity conference if ransomware would still be a daily occurence in five years.

    "Every single day," he  said.

  3. Ransomware attacks have increased 300 percent since last year, Homeland Security Secretary Alejandro Mayorkas said in September, the Journal reported

  4. The White House is assembling 30 countries to meet in October to collaborate on a global strategy aimed at addressing the threat ransomware poses to economic and national security. The alliance's first meeting will take place virtually and is part of a recurring effort to cut off revenue for ransomware groups and pinpoint ways to prosecute them.

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