The rise in potential targets and the idea that cybercrime is extremely rewarding with little chance of being caught are driving the current developments in cybercrime. Government bodies are increasingly becoming targets of cyberattacks, proving that these criminals are not just interested in making money. Experts believe ransomware gangs are now releasing specific software to disrupt public services, steal private information, and take advantage of cyber insurance. The White House has urged all countries to address ransomware as a top priority in light of the exponential surge in intrusions. The U.S. government’s coordinated efforts to combat ransomware are discussed in this article at Government Technology.
A Joint Initiative by the White House to Curb Ransomware Attacks
The United States government is intensifying efforts to work with world partners to combat this shared menace because it recognizes that it cannot combat ransomware alone.
The second International Counter Ransomware Initiative (CRI) Summit was held earlier this week. Participants included representatives from 36 countries, the corporate sector, and the E.U. to discuss new initiatives to coordinate efforts against ransomware.
In a fact sheet, the White House stated, “While the United States has made concerted efforts under our own national authorities and capabilities to fight the scourge of ransomware, it is a challenge that knows no borders.”
As part of new initiatives, Australia will take the lead in the International Counter Ransomware Task Force. Members will exchange information and plan initiatives to stop ransomware and illicit financing while enhancing defenses against attacks.
Lithuania Joins the Fight Against Ransomware
Since the White House urged nations to address ransomware globally, there are multiple initiatives that have been rolled out to combat ransomware.
Lithuania will house a regional cyber defense center with a fusion cell as part of a second collaborative plan outlined during the conference. It will ‘try a scaled version’ of the task force, compile data from participating members, and publish reports on ransomware trends. This will include tools, tactics, and mitigating methods.
The CRI nations also intend to interact with the commercial sector to interrupt ransomware activities, exchange intelligence, publish joint ransomware advisories, etc.
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