Efforts to curb ransomware crimes face limits
Emerald expert briefings · 2021
Significance The pressure has intensified following two costly and highly disruptive double-extortion ransomware attacks against US-based firms -- one against Colonial Pipeline in early May and the other against JBS Foods in early June. Impacts Russian-based cybercriminals will mainly target Western entities, safe because there is no extradition treaty with the EU or Washington. Sophisticated and careful victim selection will allow hackers to increase ransom demands. Western ‘hackback’ operations are likely to rise following the FBI’s recent success against DarkSide.