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Forty countries agree to stop paying cyberattack ransoms in Counter Ransomware Initiative

Forty countries participating in the Counter Ransomware Initiative have agreed to stop paying ransoms demanded by cybercriminals, according to a senior White House official on Tuesday. Led by the US , the Counter Ransomware Initiative is an alliance launched in 2021 that now includes 48 nations, including Canada, A US tralia, Germany, South Korea, Japan, the UK, Kenya, Uruguay, Israel, and Ukraine. This year’s meet, hosted in the White House, has solidified a plan to counter the concerning increase in cyberattacks. The US is apparently the target of 46% of all ransomware attacks, according to the US deputy national security adviser for cyber and emerging technologies, Anne Neuberger. “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow,” she told reporters in a virtual briefing. Neuberger cited the recent cyberattack on cleaning product giant Clorox and attacks on Minneapolis public schools while describing the ...