No More Ransom Project saves almost £1bn in ransomware payments

Launched in 2016, the No More Ransom project has seen law enforcement and IT security organisations join forces to help over six million ransomware victims recover their files.


The project, which aims to both help victims recover their encrypted files and raise awareness of the ransomware threat, has prevented threat actors from earning almost £1bn that otherwise would have flowed into a crypto currency blackhole to be utilised to encourage and finance further ransomware attacks.


While this figure shows the staggering amounts now in play in this virtual world of blackmail, it also demonstrates the sheer scale of attacks over the last five years, with record highs reported for 2021 already. A global ransomware volume of £304.7 million has been recorded so far, surpassing 2020’s full-year total (£304.6 million) and illustrating a 141% increase in the UK alone.


It is crucial that organisations continue to take measures to prevent and protect against ransomware attacks and educate personnel on the security measures they can take. Further information can be found here: https://www.helpnetsecurity.com/2021/08/03/ransomware-attacks-h1-2021/


To discuss cyber protection policies and strategies for your business contact the NEBRC at: enquiries@nebrcentre.co.uk