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Anti-Ransomware Coalition Bound to Fail Without Key Adjustments

ID: 63698644-05a0-5d1b-9e62-032c3ce583fd

STIX ID: report--63698644-05a0-5d1b-9e62-032c3ce583fd

Feed Name: Dark Reading

Date Published: 2024-01-16

Date Updated: 2026-04-21

Author: Shmuel Gihon

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This commentary argues that international pledges to refuse ransomware payments are symbolic and insufficient, advocating instead for proactive, intelligence-driven security to prevent attacks and reduce impact. Using examples such as the Colonial Pipeline incident, payment statistics, and SMB cost burdens, it contends that organizations should prioritize prevention, threat intelligence integration, and law-enforcement collaboration to counter rising ransomware threats and lower overall security costs.

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