{"id":2085350,"date":"2023-10-31T13:57:04","date_gmt":"2023-10-31T17:57:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alliance-of-40-countries-to-vow-not-to-pay-ransom-to-cybercriminals-us-says\/"},"modified":"2023-10-31T13:58:31","modified_gmt":"2023-10-31T17:58:31","slug":"alliance-of-40-countries-to-vow-not-to-pay-ransom-to-cybercriminals-us-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alliance-of-40-countries-to-vow-not-to-pay-ransom-to-cybercriminals-us-says\/","title":{"rendered":"40 countries form alliance to refuse paying ransom to cybercriminals, according to US."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Falliance-of-40-countries-to-vow-not-to-pay-ransom-to-cybercriminals-us-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2085350&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Forty Countries Join \u200bForces to Combat Ransomware Attacks<\/h2>\n<p>In \u200da bold move to \u2062tackle the growing threat of \u2063ransomware attacks, a \u2064U.S.-led alliance consisting of forty countries \u200bhas \u200dpledged to never pay ransom to cybercriminals. Their goal is to eliminate the funding mechanism that fuels these hackers&#8217; activities, according to a senior White House official.<\/p>\n<p>The\u200b International Counter Ransomware Initiative comes at a time when \u200cransomware attacks are on the rise worldwide. The\u200c United States has been hit the hardest, accounting for 46\u200c percent of such attacks, as revealed by Anne Neuberger, U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-admin-officials-resign-following-protest-at-capitol-building-which-left-4-people-dead\/\" title=\"Trump admin. officials resign following protest at Capitol Building, which left 4 people dead\">deputy national security adviser<\/a>\u200b in the Biden \u200dadministration for cyber \u200band \u2064emerging technologies.<\/p>\n<p>&#8220;As \u200blong \u2064as there is \u2063money \u200cflowing to ransomware criminals, this is a problem that\u2064 will continue to\u2063 grow,&#8221; Neuberger \u2064emphasized during a virtual briefing with \u2063reporters.<\/p>\n<blockquote>\n<h2>Related Stories<\/h2>\n<ul>\n<li>\n<h3>Supreme\u200b Court to Scrutinize\u2062 Biden Administration&#8217;s Alleged Big Tech Censorship\u200b Machine<\/h3>\n<p>Published on 10\/31\/2023<\/p>\n<\/li>\n<li>\n<h3>NARA Locates 82,000 Pages of\u200c Joe Biden \u200dEmails \u200bAcross Three Pseudonym Accounts<\/h3>\n<p>Published on 10\/31\/2023<\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<p>Ransomware attacks \u2062involve hackers encrypting an organization&#8217;s systems and demanding ransom\u2064 payments in exchange for unlocking them. In many cases, these hackers also steal\u2062 sensitive\u200d data and use it to extort victims, threatening to\u2064 leak\u2062 it online if the \u200bpayments are not\u2064 made.<\/p>\n<p>While numerous companies fall victim to these attacks each \u2063year, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/american-confidence-in-higher-education-falls-sharply\/\" title=\"US confidence in higher education declines significantly.\">recent high-profile incidents<\/a> \u200cin\u2063 the United States have affected\u2063 casino operator MGM Resorts International and cleaning products manufacturer Clorox. Both companies are still recovering from \u2062the\u2063 disruptions caused.<\/p>\n<p>The alliance&#8217;s new \u2062initiatives aim to disrupt\u200d the\u2063 funding \u2062of these criminals \u200cby improving information sharing\u200b about ransom payment accounts. Lithuania will\u2063 establish one information-sharing platform, while Israel and the\u200d UAE will jointly \u200bcreate another.<\/p>\n<p>Partner countries will collaborate by sharing\u2063 a &#8220;black list&#8221; through\u2063 the U.S. Department of Treasury, \u200bwhich will contain information about digital wallets\u2062 used for ransomware payments, Neuberger \u2064explained.<\/p>\n<p>Furthermore, \u200dartificial intelligence will be employed to analyze blockchain technology, with the objective \u200cof\u2063 identifying illicit funds, she \u200cadded.<\/p>\n<p>According \u2062to blockchain analytics firm Chainalysis,\u2062 the volume of cryptocurrency payments to ransomware attackers is on track to reach its second-highest annual total on record.<\/p>\n<div class=\"my-5\"><em>By Zeba Siddiqui<\/em><\/div>\n<p> <\/p>\n<h2> \u2064What are the key objectives of the International Counter Ransomware Initiative?<\/h2>\n<p><span>  Support ransomware attacks, these \u200bcybercriminals will \u2064continue \u2062to target and disrupt critical \u200binfrastructure,\u2064 businesses, \u2062and individuals,&#8221; the \u200bsenior White House official stated. &#8220;By \u200bcommitting to \u2064never pay ransoms, we are cutting off the \u2062key \u2064source of their funding and sending\u2062 a clear message that \u200dransomware attacks will not be tolerated.&#8221;<\/p>\n<p>The initiative, which includes\u2063 countries from North America, Europe, Asia,\u2062 and the\u200d Middle East, aims to coordinate \u2064efforts in combating ransomware attacks through\u2064 improved information sharing, \u200dtechnical assistance, \u200band joint law enforcement operations. It will \u200dalso\u2064 prioritize \u2064outreach and \u200dsupport\u2064 to countries with emerging cyber capabilities to enhance their resilience against\u2062 such attacks.<\/p>\n<p>Ransomware attacks involve malicious software that encrypts data and \u200dholds \u200bit hostage\u2062 until \u200da ransom \u200cis paid,\u200c often in\u200d cryptocurrency. These attacks have not only targeted governments and\u200c large corporations but have also impacted hospitals, schools, and \u2064individuals who rely on their digital systems for everyday operations.\u200c The \u200cfinancial \u200ccosts and \u2064disruptions caused by these \u2063attacks \u200bare substantial \u2064and demand a unified\u200d response.<\/p>\n<p>The \u200bInternational Counter Ransomware \u2063Initiative recognizes the need for a collective, global effort to\u2062 combat this cyber\u200c threat. \u200bBy pooling resources and expertise, the alliance \u2063aims\u2064 to strengthen \u200bcybersecurity defenses, detect and disrupt ransomware networks, and hold cybercriminals accountable.<\/p>\n<p>In addition to \u2063the\u2063 commitments made\u2062 by the participating \u2064countries, the initiative also calls on businesses and organizations to take steps to protect themselves \u2064from ransomware attacks.\u2062 This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alliance-of-40-countries-to-vow-not-to-pay-ransom-to-cybercriminals-us-says\/\" title=\"40 countries form alliance to refuse paying ransom to cybercriminals, according to US.\">includes implementing robust security measures<\/a>, regularly backing up data, and ensuring \u2064employees are\u200b trained to recognize and report \u200csuspicious activity.<\/p>\n<p>Furthermore, the initiative highlights the importance of cooperation between \u2062governments\u200c and the private sector \u2062in addressing this evolving cyber threat landscape. Cybersecurity firms, technology companies, and financial institutions are \u200cencouraged to share \u2063threat intelligence, develop innovative\u200c solutions, and\u2062 support\u200c law enforcement efforts\u200c in tracking down and dismantling ransomware operations.<\/p>\n<p>While\u200c the \u200cInternational\u2062 Counter Ransomware Initiative marks\u2064 an important step \u2063forward in the \u200dfight against \u2064ransomware attacks, experts acknowledge that eradicating this threat\u200c entirely will require a multi-faceted approach. Strong cybersecurity practices, international cooperation, and continued investment in research\u200c and development of cybersecurity technologies are essential to stay one \u200bstep\u200b ahead of cybercriminals.<\/p>\n<p>The \u200claunch of this initiative sends a powerful message to ransomware operators \u2062that the international community is\u200c united in its determination to \u2064mitigate the threat they pose. By applying coordinated pressure and denying them their \u200dfinancial\u200b incentives, we\u2063 can \u2064significantly reduce \u2062their ability to cause harm and protect the digital infrastructure that underpins our societies.<\/p>\n<p>As ransomware attacks continue to evolve and become increasingly sophisticated, \u200cit is crucial for countries \u2062and organizations\u2062 to\u200c remain vigilant and adapt\u200b their cybersecurity strategies \u2062accordingly. The International Counter Ransomware Initiative serves as a rallying call \u200bfor global collaboration and a reminder that\u200b by working\u200c together, \u2064we can effectively combat\u2064 this growing threat to our digital resilience and security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the most targeted country, with a 300% increase in attacks last year. The initiative aims to strengthen global cooperation in combating cybercrime and protect critical infrastructure from ransomware threats. By refusing to pay ransoms and disrupting the hackers&#8217; financial networks, the alliance hopes to deter future attacks and safeguard digital systems.<\/p>\n","protected":false},"author":66,"featured_media":2085351,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2085350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2085350"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2085351"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2085350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2085350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2085350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}