US EditionAlliance of 40 countries to vow not to pay ransom to cybercriminals, US says
- Ransomware attacks have reached an all-time high, with victims paying $449 million to ransomware groups in the first half of this year alone. Despite the payment, there is no guarantee of the safe return of data or complete erasure copies. The initiative will focus on sharing information about ransom payment accounts to counter illicit financing.
- The CRI also announced additional measures to improve their ability to fight ransomware attacks. This includes creating a shared denylist of digital wallets used for ransomware payments, two information-sharing platforms, and the use of artificial intelligence to analyze blockchains for identifying ransomware payments.
- The International Counter Ransomware Initiative announced that 40 countries have pledged not to pay ransom to cybercriminals and to work towards eliminating their funding mechanism. This joint pledge aims to enhance international cooperation and counter the ransomware ecosystem.
16 Articles
16 Articles
Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says
Forty countries in a US-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday, October 31. The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. The United States is by far the worst hit, with 46% of such attacks, Anne Neuberger, US deputy national security adviser in…
As these types of attacks against businesses and institutions increase across the world, 48 countries, joined by the European Union and Interpol, could sign a joint statement
Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals, US Says
SAN FRANCISCO—Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. The United States is by far the worst hit, with 46 percent of such attacks, Anne Neuberger, U.S. deputy national securi…
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