Science & Technology

Virtual Global Ransomware Countermeasure Event This Week

This week, more than 30 countries will be attending a global ransomware protection event through virtual conferences. For this type of conference, the White House National Security Council has invited ministers and senior officials representing the countries concerned. This event is Ransomware Because it was a real threat for a while.

In this sense, the White House released yesterday Fact sheet Details the anti-ransomware events and the topics addressed there, Ransomware paymentGrowth increased as it exceeded $ 400 million worldwide in 2020 and $ 81 million in the first quarter of 2021.

Global Ransomware Protection Event: Details

This week’s global ransomware protection event Presentation 1 by President Joe BidenNS Of October.He then specified that the United States would gather partners and allies to join forces. Ransomware attack..

National resilience, illegal financing, turmoil, and diplomacy are all topics covered in virtual conferences. These are participating in the Biden administration’s efforts organized in four directions, according to the fact sheet published and mentioned above.

  • Ransomware infrastructure and cybercriminal turmoil: The US government is fighting ransomware operators and trying to block financial infrastructure.
  • Enhanced resilience to combat ransomware attacks: The private sector was advised by the president to accelerate efforts to mitigate the attack.
  • Cryptocurrency abuse to deal with: The same is true for cryptocurrencies, as fiat currencies are addressed by anti-money laundering and counter-terrorism financing (AML / CFT) controls.
  • Fight the ransomware ecosystem By taking advantage of international cooperation, countries need to improve their detection and response to these types of cyberattacks.

Continuous ransomware attacks lead to global anti-ransomware events

These types of countermeasures follow the surge in the number of ransomware attacks.Remember the well-known ones JBS, The world’s largest meat processing company, will pay the REvil ransomware group a ransom of $ 11 million. Colonial pipeline, The US’s largest refined oil pipeline system, paid a $ 5 million crypto ransom to US software company Kaseya, a threat attacker or victim of REvil Ransomware. These attacks revealed only flaws in critical infrastructure.

The anti-ransomware initiative will take place over a two-day period, with participants confusing and prosecuting ransomware criminals, from efforts to improve national resilience, to the experience of dealing with cryptocurrency abuse and cleaning ransom payments. We cover everything from each initiative to diplomacy. A tool to combat ransomware.


Russia and China were not invited to the virtual conference

Russia and China were not among the countries invited to this first virtual conference organized to fight ransomware, according to officials’ declarations from a press conference on this topic.

We have worked with our allies and partners to hold the nation-state accountable for malicious cyber activities. This is evidenced by the widest international support to date in our attribution to the malicious cyber activities of Russia and China in the past few months. A group of experts continues to meet to address the threat of ransomware and pressure Russia to act on criminal ransomware activities emanating from its territory. This first discussion did not invite Russians to participate for a number of reasons, including various restrictions. (..) We also shared information with Russia about criminal ransomware activities taking place from Russian territory. We have seen some steps by the Russian government and are looking to see follow-up actions.


What other measures are being taken against ransomware?

28thNS In July, President Biden National Security Memorandum It aims to improve cybersecurity on critical infrastructure.

Also during July, Interpol warned of a “potential ransomware pandemic” and urged industry partners and police to combat the ransomware threat.

Virtual Global Ransomware Countermeasure Event This Week Virtual Global Ransomware Countermeasure Event This Week

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