Tech

US Holds International Summit on Ransomware

The United States will hold summits in more than 30 countries starting Wednesday to discuss how to fight ransomware. Russia was not invited.

Participants Virtual conferenceTalking about international cooperation on issues such as hackers’ use of cryptocurrencies, codes of conduct in cyberspace, and law enforcement partnerships hosted by the White House National Security Council, executives from the Byden administration said.

“This event over the next few days is Attachment A, which shows how we are working with international partners to disrupt the ransomware network,” officials said.

Participating countries include long-standing US allies such as the United Kingdom, Australia, Germany and Israel, Bulgaria, Kenya, Nigeria and the United Arab Emirates. This list emphasizes “how harmful, cross-border and global the ransomware threat is in different countries in different parts of the world in which it participates.”

U.S. officials did not provide a specific reason why the Kremlin was not invited to this week’s summit, but the country’s absence at the meeting does not prevent it from attending such meetings in the future. Said not.U.S. accuses Russian hackers of launching cyberattacks, including campaigns against technology providers

SolarWinds Ltd

resulting in Corrupted software Sent to 9 US distributors and several companies. Moscow has consistently denied its involvement in cybercrime and the hiding of cybercriminals.

The United States is instead continuing to discuss ransomware issues with Russia through bilateral channels, officials said, and Russia is based on information shared through those discussions to confuse ransomware operators. He added that he acted.

“Clearly, Russia is playing a role for many criminals operating from Russia, and that is why President Byden and President Putin have a very focused and candid discussion. That’s why we set up a dedicated channel to do that, “said officials.

Homeland Security Secretary Alejandro Mayorkas said in September that ransomware attacks in the United States had increased by 300% over the past year.

After a high-profile attack on Colonial Pipeline in May East Coast fuel supply cut off, When Meat packaging company

JBS SA

In June, the US government spent a great deal of resources on cybersecurity efforts.

These include the Ministry of Justice Task force Focus on ransomware, Executive order From President Biden in May Sanctions In September, the Treasury accused it of controlling cybercriminal payments for a Russian-based crypto exchange.

Cybersecurity experts have long warned of serious efforts to mitigate the effects of ransomware attacks. Interrupted operation Hospitals and other critical infrastructure during a coronavirus pandemic are unlikely to succeed without Russian involvement.

Tom Kellerman, head of cybersecurity strategy for software companies, said:

VMware Ltd

“I’ve never seen a cybercrime cartel that is so bold, organized, sophisticated and punitive.”

Ransomware attacks are becoming more frequent, victim losses are skyrocketing, and hackers are shifting their targets. The WSJ’s Dustin Volz explains why these attacks are on the rise and what the United States can do to fight them.Photo Illustration: Laura Kammerman

Write to James Randall james.rundle@wsj.com

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US Holds International Summit on Ransomware

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