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Biden plans to convene 30 countries to address ransomware programs


Image for article titled Biden Administration plans to convene 30 countries to discuss solutions to Ransomware threat

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The Biden administration plans to meet with officials from dozens of countries later this month in an effort to better coordinate the fight against criminal groups – especially ransomware.

“This month, the United States will bring together 30 countries to accelerate our cooperation in the fight against cybercrime, improve law enforcement cooperation, stop the illegal use of cryptocurrencies, and address these issues diplomatically,” the president said. he said in a statement published on Friday. Biden went on to say that the United States is “working closely with nations around the world” on the issue, including the G7 and NATO allies, and that his administration is committed to “bringing full force to our capabilities to thwart malicious cyber activities.”

It is not clear which countries will be involved in the upcoming meeting or when it will take place It is broadcast by CNN it will be part of a “repetitive effort”. The first meeting, hosted by the White House National Security Council, will be held literally, the agency says.

The opportunity for foreign leaders to hold such a summit is a promising development, as experts have long ago suggested that an effective fight against cybercrime requires international coordination. For most of the history of ransomware attacks, criminals have largely remained out of the prosecution’s reach – not only because such crimes can be committed behind a veil of anonymity on the Internet, but also because hackers are almost always in different countries than their victims. As a result, identifying, locating, and extraditing criminals can require a tremendous amount of international coordination.

However, the degree to which cybercrime has escalated in recent years may now be forcing leaders to develop solutions to these long-standing difficulties. After a torrent cyber attacks earlier this year, the Biden administration has made the fight against ransomware a central part of its agenda, announcing a series of new programs and partnerships to address the threat. This includes a new one work group in the Ministry of Justice, meetings with the private sector, an executive order, i new punishments from the Ministry of Finance focused on crypto exchanges that act as a safe haven for criminals.

After the announcement on Friday, a White House official he told Reuters that the administration was eager to target “the abuse of virtual currency to launder ransom” and to plan in the future to “investigate and prosecute ransomware criminals”.



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Naveen Kumar

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