US-led International Anti-Ransomware Initiative pledges not to pay ransoms for ransomware
The third annual meeting of the International Ransomware Initiative (CRI) was held in Washington DC, where a joint pledge was made to not accept or pay ransom demands from hackers who carry out cyber attacks for financial gain or cybercriminals who use ransomware.
Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says | Reuters
US-led cybersecurity coalition vows to not pay hackers' ransom demands | TechCrunch
Dozens of countries will pledge to stop paying ransomware gangs
https://www.bleepingcomputer.com/news/security/dozens-of-countries-will-pledge-to-stop-paying-ransomware-gangs/
CRI is the world's largest cyber partnership, with 48 countries, including Japan, the EU, and the International Criminal Police Organization (INTERPOL), as its members. It was established in response to the increase in ransomware attacks around the world.
Deputy National Security Adviser Anne Neuberger pointed out that ransomware attacks are a cross-border problem and will continue to grow as long as funds continue to be provided to criminals. At this general meeting, she made it clear that she would not pay ransoms, in order to cut off the flow of funds to cybercriminals.
Neuberger argued that paying the ransom would not guarantee the return of stolen data or the erasure of any copied data remaining in the hands of cybercriminals, but would instead encourage future attacks.
80% of organizations that paid ransoms after ransomware attacks are attacked a second time - GIGAZINE
Neuberger urged companies to 'practice basic cybersecurity practices,' because companies with proper backups were able to recover more quickly than those who paid the ransom.
Although 40 countries have agreed to the joint pledge prior to the official announcement, some CRI member states have not yet pledged. Neuberger explained that the goal is to have all countries pledge by the time of the final announcement.
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in Security, Posted by logc_nt