More frequent disruption operations needed to dent ransomware gangs, officials say

The comments from White House and ODNI officials ahead of a Counter Ransomware Initiative summit come as the gangs prove difficult to keep down.

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NATO, G-7 leaders promise bulwark against retaliatory Russian cyberattacks

The pledges follow the Biden administration saying that Russia’s calculus on digital assaults had changed.

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Ransomware is the biggest threat, says GCHQ cybersecurity chief

The head of the UK’s National Cyber Security Centre has warned that ransomware has become the biggest threat to British people and businesses. And says ransomware gangs “are often enabled and facilitated by states acting with impunity.”

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Facebook’s Libra cryptocurrency loses all but one payment company

Gone: Mastercard, Visa, PayPal, eBay, Stripe, Mercado Pago. Of six payments firms first involved in Libra, just one, PayU, remains. Continue reading Facebook’s Libra cryptocurrency loses all but one payment company

G7 Comes Out in Favor of Encryption Backdoors

From a G7 meeting of interior ministers in Paris this month, an "outcome document": Encourage Internet companies to establish lawful access solutions for their products and services, including data that is encrypted, for law enforcement and competent authorities to access digital evidence, when it is removed or hosted on IT servers located abroad or encrypted, without imposing any particular technology… Continue reading G7 Comes Out in Favor of Encryption Backdoors