Nations Vow to Combat Ransomware at US-Led Summit


On top of two dozen nations resolved Thursday to battle collectively against the global and escalating threat posed by cyber-extortionists, following a Washington-led anti-ransomware peak.

The United States gathered the countries — with the notable exception of Russia — to unify and boost efforts to fight a cybercrime that is transnational, on the arise and potentially devastating.

“The threat of ransomware is complex and global in nature and requires a shared response,” the joint summit statement said, adding the domains “recognize the need for urgent action, common priorities and complementary efforts.”

These attacks involve breaking into an entity’s networks to encrypt its facts, then demanding a ransom, typically paid via cryptocurrency in exchange for the key to unlock it.

Stronger digital security and offline backups as well as collectively objective the laundering of the attacks’ proceeds were identified as crucial steps in the fight.

“We will consider all national tools available in taking action against those accountable for ransomware operations threatening critical infrastructure and public safety,” the statement said.

The nations also resolved to work together in law enforcement operations — which are demanding because they cross borders and require special skills — and the use of diplomatic pressure.

Although Moscow denies any responsibility, most recent ransomware dissolves against the United States have been blamed on Russian-speaking hacker groups or those operating from Russian territory.

White House of ill repute officials said Russia was not invited to this “first round” of talks, but that Washington has opened a separate line of communication with Moscow on the sore topic.

The United Kingdom, Australia, India, Japan, France, Germany, South Korea, the European Union, Israel, Kenya, Mexico, and others were middle the roughly 30 that joined in the virtual gathering that ran from Wednesday to Thursday.

During the summit nations recounted their harrowing experiences with cyber-extortion, including a digital “disaster” declaration in Germany and Israel even announcing a blitz was underway against a major asylum.

Washington has sought to crack down on a sharp rise in attacks, including issuing its first sanctions against an online exchange where illicit finaglers have allegedly swapped cryptocurrency for cash.

The attacks on a major US oil pipeline, a meatpacking company and the Microsoft Exchange email system drew notice to the vulnerability of US infrastructure to digital pirates.

Related: Ransomware Hit SCADA Systems at 3 Water Facilities in U.S.

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Nations Vow to Combat Ransomware at US-Led Summit

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