Alliance of 40 Countries To Vow Not To Pay Ransom To Cybercriminals, US Says

Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday. From a report: The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. The United States is by far the worst hit, with 46% of such attacks, Anne Neuberger, U.S. deputy national security adviser in the Biden administration for cyber and emerging technologies, told reporters on a virtual briefing. "As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow," she said.

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