RANSOMWARE SUMMIT EYES GLOBAL SCRUTINY FULL
Disrupt Ransomware Infrastructure and Actors: The Administration is bringing the full weight of U.S.The Administration’s counter-ransomware efforts are organized along four lines of effort: International partnership is key since transnational criminal organizations are often the perpetrators of ransomware crimes, leveraging global infrastructure and money laundering networks to carry out their attacks. And, the Administration has stepped up to lead international efforts to fight ransomware. The Administration has announced specific efforts to encourage resilience, including voluntary cyber performance goals, classified threat briefings for critical infrastructure executives and the Industrial Control Systems Cybersecurity Initiative. critical infrastructure, to modernize their cyber defenses to meet the threat of ransomware. The Administration has called on the private sector, which owns and operates the majority of U.S. Yet, government action alone is not enough. The Biden Administration has pursued a focused, integrated effort to counter the threat. Ransomware payments reached over $400 million globally in 2020, and topped $81 million in the first quarter of 2021, illustrating the financially driven nature of these activities. The global economic losses from ransomware are significant.
Ransomware attackers have targeted organizations of all sizes, regardless of where they are located. Ransomware incidents have disrupted critical services and businesses worldwide – schools, banks, government offices, emergency services, hospitals, energy companies, transportation, and food companies have all been affected. This week the National Security Council is facilitating an international counter-ransomware event with over 30 partners to accelerate cooperation on improving network resilience, addressing the financial systems that make ransomware profitable, disrupting the ransomware ecosystem via law enforcement collaboration, and leveraging the tools of diplomacy to address safe harbors and improve partner capacity. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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