Nations are tougher in dealing with cryptocurrencies in response to ransomware attacks

36 countries led by the United States agreed to improve ransomware Prevention measures, specifically with regard to the use of Cryptocurrency to finance such activities.

The International Ransomware Initiative Summit, which took place at the White House, was more vocal about the cryptocurrency than during its inaugural launch in 2021, as concerns continued to mount about its ease. cyber criminals Are able to get digital codes.

One of the main areas of concern identified by the Anti-Ransomware Initiative (CRI) was cryptocurrency laundering. The summit outlined plans to prevent this, including sharing information about nefarious crypto wallets across agencies around the world, running workshops on how to strengthen blockchain tracking, and enforcement. identity authentication for cryptographic transactions.

solid steps

As a result of the summit, a number of countries will prepare new initiatives in cooperation with each other to address the global problem of ransomware.

An International Anti-Ransomware Task Force (ICRTF) will be established at the heart of the proceedings. Australia will take the lead initially, with the Regional Cyber ​​Defense Center (RCDC) in Lithuania prosecuting a national wing, reporting the ransom intelligence it collects and shares with other countries.

In the meantime, over the next year, CRI will be busy developing a framework for Setting priority goals Alert various law enforcement agencies, compile a toolkit for other organizations to use when investigating ransomware attacks, and create channels between public and private agencies to share ransomware information.

Ransomware has become an increasingly common tactic used by criminals to inadvertently blackmail victims, with the frequency of attacks increasing at an alarming rate over the past several years. Last year in particular saw a huge boom, with Over 600 million attacks worldwide in 2021more than double the number of the previous year.

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