Daily Archives: May 1, 2021

New ransomware taskforce report published, how to disrupt ransomware and reduce effects of attacks

The Institute for Security and Technology’s Ransomware Task Force (RTF) (over 60 experts) published an 81-page report presenting 48 recommendations to disrupt the ransomware business and mitigate the effect of such attacks.

More on the story here: https://securityandtechnology.org/ransomwaretaskforce/report/xxx

We have an expert comment from Ilia Kolochenko CEO, Founder and Chief Architect at ImmuniWeb (bio below):

The report provides a wide spectrum of valuable and bright ideas, however, most of them are burdensome and far too expensive from a practical viewpoint. Strong global collaboration to combat cybercrime is probably a utopia, especially amid the rapidly growing political tensions around the globe, unclarity of international law’s application to cyber war and disruptive aggressions in the digital space. 

Sadly, virtually all Western law enforcement agencies are significantly underfunded today, while efficient combat with ransomware will probably require at least a tenfold budget increase – just to address this isolated phenomena. Spiralling pandemic losses will unlikely allow countries to spend more on cybercrime prosecution and investigation units, unless the private sector donates billions of dollars. Fighting digital currencies is a waste of time, cybercriminals will find a myriad of other smart ways to bypass sanctions and get paid in impunity.

“I’d rather suggest treating the root cause of ransomware: the widespread lack of basic cyber hygiene. Even the largest organizations from regulated industries often fail to follow the basics: maintain an up2date asset inventory, implement risk-based and threat-aware security controls, perform continuous security monitoring and anomaly detection, conduct ongoing security training and awareness, maintain software and patch management programs, and to enforce centralized identity management. Most organizations have no third-party risk management programs, lack Dark Web monitoring and incident detection and response (IDR) plan. Unless we can motivate and support targeted organizations to attain a basic level of cyber hygiene, ransomware will continue flourishing.”

Cricket Legend Brett Lee and Sportsbet.io both ‘bowl a Bitcoin’ as Crypto Community Supports the Covid Crisis in India

Sportsbet

April 30th, 2021,Tallinn, EstoniaSportsbet.io and Australian cricket legend Brett Lee are both ‘bowling a Bitcoin’ to help bring much-needed medical supplies and support to India during the ongoing Covid crisis in the country.

 

Sportsbet.io ambassador and cricket legend Brett Lee spoke about his experiences in India, stating:

India has always been like a second home for me. The love and affection that I have got from the people of this country both during my professional career and even after my retirement, holds a special place in my heart. It saddens me deeply to see people suffering due to the ongoing pandemic.

 

1BTC Donation 

Brett Lee has donated one Bitcoin to CryptoRelief.in, a community-run fund started by Polygon co-founder Sandeep Nailwal. And Sportsbet.io has now followed Lee’s example, also donating one Bitcoin to the cause. The generous donations represent a total of over $155,000 USD (at the time of writing). 

 

Brett continued:

 

“I feel privileged to be in a position of making a difference and with that in mind, I’d like to donate 1 BTC to Crypto Relief to help with purchase of oxygen supplies for the hospitals across India.

“Now is the time to be united and ensure we do as much as we can to help the ones in need. I’d also want to thank all the frontline workers who have been working round the clock during these tough times. I request people to please take care, stay at home, wash your hands and head out only if absolutely necessary, wear a mask and maintain social distancing.”

 

The CryptoRelief Mission

CryptoRelief.in’s mission is to reduce suffering by providing healthcare and essentials to those fighting for survival against Covid, welcoming donations from around the world in cryptocurrency.

It has already raised more than $3 million in cryptocurrency for the cause, including donations by many high-profile figures within the crypto community such as Vitalik Buterin.

Joe McCallum, Director of Sportsbook, at Sportsbet.io spoke about Brett Lee’s Philanthropy and Sportsbet’s own involvement with the cause, stating:  

 

“Watching Brett Lee, Pat Cummins and the wider crypto community come together to raise more than $2 million in such a short amount of time, to help fight India’s Covid emergency has been inspiring, and we absolutely needed to step up and join the effort.

We’ve been strong believers that cryptocurrency adoption can make a genuine and positive difference to the world, and the speed at which the community has moved to help India is evidence of this. Thank you to Sandeep for organising Crypto Relief, and Brett for bringing it to our attention. We similarly hope that our contribution will encourage others to stop hodling and open their crypto wallets to help India in a moment of need.”

 

Sportsbet.io has long been an advocate of cryptocurrency adoption, and how the technology can be used to affect positive change on global issues. This recent donation is just the latest in a string of community-based acts that continue to showcase the casino and sportsbook operator as a leader for global cryptocurrency adoption.

To help Sportsbet and CryptoRelief on their mission to fix the covid crisis in India, donations can be made by visiting CryptoRelief.in 

 

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience.

Principal sponsors of English Premier League team, Southampton FC, and official betting partner of Arsenal FC, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content. 

As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry.

 

For more information about Sportsbet.io, please visit https://sportsbet.io

For more information about Cryptorelief.in https://cryptorelief.in/ 

 

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