December 15, 2016 11:55 AM Eastern Standard Time
RICHARDSON, Texas--(BUSINESS WIRE)--A prevalent threat to enterprises in 2016, ransomware is anticipated to be an even larger threat in the year to come as hackers become more advanced and organizations struggle to stay ahead. Armor, a leading provider of managed cloud security, announced today it is partnering with the No More Ransom (NMR) project, a non-commercial initiative pairing global IT security companies and law enforcement agencies in a collaborative effort to educate individuals and businesses in an effort to prevent the onslaught of ransomware.
“What started as a consumer issue has evolved into a serious threat for enterprises subject to extortion through increasingly high monetary demands,” said Jeff Schilling, chief of security and operations, Armor. “In fact, our team views ransomware as one of the most concerning cyber threats in 2017 with attacks and ransoms reaching historic proportions. Armor looks forward to expanding our participation with law enforcement agencies, government entities and cyber security providers to help mitigate this threat through a public-private concerted effort.”
Launched in July 2016 by the Dutch National Police, Europol, Intel Security and Kaspersky Lab, Armor will join the project’s growing ranks which now encompasses 19 countries and 20 IT companies and organizations. Partners of the project contribute to its mission by developing exclusive decryption tools or decryption keys. These resources are available via website, contributed materials and content, as well as prevention campaigns.
“Cyber criminals recognize no borders,” said Schilling. “Therefore, this threat must be pursued by an international coalition. Free initiatives such as this will help to equip the global community with the education and tools they may not otherwise have access to in order to defend against this criminal activity.”
For more information or to join in this effort, visit www.nomoreransom.org.
The leader in active cyber defense, Armor offers customer-centric security outcomes for retail and eCommerce enterprises, healthcare organizations, payment leaders and financial institutions. Armor protects highly sensitive data for the most security-conscious companies in the world. With its proven cybersecurity approach and proprietary cloud infrastructure built specifically for security, compliance and performance, responsible businesses choose Armor to reduce their risk. For more information, visit armor.com or call 1-844-682-2858. For more information, visit armor.com or follow @armor.
Thomas Moore, 214-212-3079