Categories: Scams

No More Ransom Turns 4: Saves $632 Million In Ransomware Payments

No More Ransom Turns 4: Saves $632 Million In Ransomware Payments

The No More Ransom Project celebrates its fourth anniversary today after helping over 4.2 million visitors recover from a ransomware infection and saving an estimated $632 million in ransom payments.

No More Ransom was created in 2016 through an alliance between Europol’s European Cybercrime Centre, the National High Tech Crime Unit of the Netherlands’ police, McAfee, and Kaspersky to battle ransomware and provide free decryption services and support to victims.

Today, The No More Ransom Project includes 163 partners worldwide, including BleepingComputer, who joined the Project in 2018.

Partner breakdowns

Also read: 9 Policies For Security Procedures Examples

An estimated $632 million saved

Over the past four years, The No More Ransom project estimates that they have saved $632 million in ransom payments through its partners’ cooperation and the decryptors that were released.

These savings are done through the availability of 110 decryptors created by law enforcement, academia, and private partners that have been downloaded over 4.2 million times.

Ransomware decryptors by partner

The amount of money saved is probably far more significant as it is common for other sites to host partner’s decryptors, which would not allow the Project to keep track of their usage.

Furthermore, as most decryptors do not include telemetry, they may have been used in far higher amounts than we know..

The decryptors without telemetry include ones created by Emsisoft, who has released the most amount of tools at 54 decryptors.

Some of the more popular decryptors downloaded from BleepingComputer over the past four years include STOP Ransomware, TeslaCrypt, Jigsaw, and HiddenTear.

Also read: 4 easy guides to data breach assessment

Privacy Ninja

Recent Posts

Enhancing Website Security: The Importance of Efficient Access Controls

Importance of Efficient Access Controls that every Organisation in Singapore should take note of. Enhancing…

1 week ago

Prioritizing Security Measures When Launching Webpage

Prioritizing Security Measures When Launching a Webpage That Every Organisation in Singapore should take note…

1 week ago

The Importance of Regularly Changing Passwords for Enhanced Online Security

Importance of Regularly Changing Passwords for Enhance Online Security that every Organisation in Singapore should…

2 weeks ago

Mitigating Human Errors in Organizations: A Comprehensive Approach to Data Protection and Operational Integrity

Comprehensive Approach to Data Protection and Operational Integrity that every Organsiation in Singapore should know…

2 weeks ago

The Importance of Pre-Launch Testing in IT Systems Implementation

Here's the importance of Pre-Launch Testing in IT Systems Implementation for Organisations in Singapore. The…

3 weeks ago

Understanding Liability in IT Vendor Relationships

Understanding Liability in IT Vendor Relationships that every Organisation in Singapore should look at. Understanding…

1 month ago