Nations must better clamp down on money laundering in order to disrupt ransomware gangs’ illicit financial transactions, according to a statement Thursday from 32 countries that participated in two days of White House meetings focused on slowing hackers and digital extortion. The joint statement also included commitments to other methods of countering ransomware, such as encouraging cyber hygiene practices to the private sector, collaborating across law enforcement and national security agencies and using diplomatic pressure against nations that harbor cybercriminals. The initiative comes after a White House summit that included presentations and intelligence sharing between countries including Australia, Brazil, Bulgaria, Canada, the Czech Republic, Estonia, France and Germany, among others. The two days of meetings were the latest steps the Biden administration has taken to battle ransomware, a frequent focus of the White House since major attacks this summer on Colonial Pipeline, JBS and Kaseya. However, the meetings excluded Russia, […]
The post US, allies pledge to combat money laundering as part of efforts to slow ransomware appeared first on CyberScoop.
Continue reading US, allies pledge to combat money laundering as part of efforts to slow ransomware→