WASHINGTON—The White House will hold a ransomware summit Nov. 7 designed to increase global and private sector cooperation to confront the growing security threat.
The two-day International Counter Ransomware Summit includes leaders from 36 countries and the European Union who will discuss how to bolster resilience against ransomware attacks and thwart the cybercriminals behind them.
“This is really a global problem,” a senior Biden administration official said, according to Cyberscoop.com. “We’re seeing the pace and the sophistication of the ransomware attacks increase faster than our resilience and disruption efforts.”
One key factor that continues to fuel the ransomware problem is the fact that some nations, such as Russia, which is not included in the summit, freely harbor ransomware actors, the report stated. The countries participating in the summit are currently finalizing a shared statement that will address how to put pressure on countries harboring cybercriminals, the official said, Cyberscoop reported.
Threat Briefing to Take Place
The summit, which is in its second year, is scheduled to begin with a threat briefing from Office of the Director of National Intelligence, FBI and the Cybersecurity and Infrastructure Security Agency outlining the current state of the ransomware problem, including a chart that shows 4,000 ransomware attacks over the past 18 months, broken down by sector worldwide.
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