The White House is hosting its second international summit against ransomware

Alfonso Maruccia

Posts: 198   +94
Staff
Why it matters: The US government is once again meeting with global partners to try and develop an effective strategy to fight (and win) the war against ransomware. Tech companies like Microsoft are joining as well, bringing their valuable, first-hand expertise to the table.

For the second time in two years, the White House is hosting an international gathering about the ever-growing ransomware issue. The Second International Counter Ransomware Initiative Summit is bringing 36 nations together from around the world, reflecting the borderless nature of the threat posed by cyber-criminals and their nefarious encryption-based cyber-attacks.

The nations invited by the Biden Administration include many members of the European Union (Austria, France, Germany, Italy and more), Australia, Israel, Canada, the United Kingdom and the United Arab Emirates. A total of13 technology companies are present as well, with well-known names like Microsoft, SAP and Siemens adding their technical expertise to a high-level political meeting.

Members of the US government are joining the discussion together with FBI Director Christopher Wray; President Joe Biden is not expected to attend. In a brief introduction released on Sunday, an unnamed senior administration official explained that while the US is facilitating the meeting, they don't see it solely as a US initiative.

The aforementioned senior official explained, "ransomware is an issue that knows no borders" as it affects each nation taking part in the meeting and then some. File-encrypting malware affects businesses, critical infrastructure and citizens everywhere, and it's only getting more challenging as technology evolves.

Just this summer, the official said, the largest unified school district in the US was compromised by a ransomware attack the day before school began. Hospitals and networks of hospitals have been attacked in France and in the UK, government networks and banks have been compromised. Ransomware really is a global problem, with the pace and the sophistication of attacks "increasing faster than our resilience and disruption efforts."

The reasons for hosting the meeting are clear enough, but what about its practical outcome? The virtually-held 2021 summit brought an agreement to develop a framework for ransomware information sharing, improve anti-money laundering models, and increase international diplomatic efforts against "ransomware-friendly" countries. This second meeting is expected to benefit from tech companies' insights about the problem, developing a set of "cyber-norms and rules of the road recognized across the globe to counter criminal ransomware threats and hold malicious actors accountable."

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Bullwinkle M

Posts: 863   +776
"The US government is once again meeting with global partners to try and develop an effective strategy to fight (and win) the war against ransomware. Tech companies like Microsoft are joining as well, bringing their valuable, first-hand expertise to the table. "
---------------------------------------------------------------------------------
BwaaaaaaaHahahahhahhahahhaa

I've been running Windows XP-SP2 online for the past 8 years without a single ransomware problem

It has ZERO Microsoft security updates and is running in a Full Admin account

No, it is not a virtual machine
It is Native Booting XP

The Government should be getting their advice from an expert like me, not Microsoft

It will cost them plenty though

They already owe me millions
(That was an understatement by the way)

Fact checking is welcomed!
 
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ScottSoapbox

Posts: 446   +810
Oh I am sure the malware coders are shaking in the boots at a fancily named meeting! -gasp- Politicians are doing a press release about how they are thinking about the problem. Whatever will we do?
 

BadThad

Posts: 1,282   +1,563
The best way to stop ransomeware? TRAIN YOUR STUPID USERS! The vast majority of attacks come from clicking on stuff they shouldn't be clicking on!
 

Bullwinkle M

Posts: 863   +776
The best way to stop ransomeware? TRAIN YOUR STUPID USERS! The vast majority of attacks come from clicking on stuff they shouldn't be clicking on!

Training stupid users won't work
THEY'RE STUPID!

I on the other hand will never have a ransomware problem when running Windows XP

I can click on whatever I want and play with ransomware and wipers all day long without them causing a problem

I laugh at trojans and rootkits and the people who will never be smart enough to see what the real problem is, even after I tell them what the problem is

Lets face the facts
They deserve ransomware