Krebs, cyber leaders say thriving ransomware ecosystem requires regulatory response and international alliances

The ransomware threat is growing as companies including some critical infrastructure operators fail to cover the cybersecurity “basics,” the economic model for attackers is constantly “validated,” and cyber criminals are free to operate from “safe havens” overseas, according to former CISA chief Christopher Krebs.

“There is no silver bullet,” Krebs said Tuesday, but the ransomware challenge is at “an inflection point” and mandatory security standards are needed, at least for the “most critical of critical” systems.

“We need to take...