The US will convene a conference with its NATO allies and G7 nations this thirty day period with the sole intention of addressing the threat of ransomware, President Joe Biden has shared .
“This month, the United States will convey with each other 30 international locations to accelerate our cooperation in combating cybercrime, improving legislation enforcement collaboration, stemming the illicit use of cryptocurrency, and participating on these troubles diplomatically,“ claimed President Biden in a statement.
While ransomware has been one particular of the important resources of electronic disruptions for the previous couple of decades, the cybercriminals have taken undue gain of the loopholes that appeared as businesses migrated to distant operating in response to the international pandemic.
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There have been some brazen attacks this year, such as the one on Colonial Pipeline, which have not just affected the targets, but have also disrupted the supply-chain and impacted common citizens as well.
In the statement, Biden highlighted some of the steps taken by his administration to reign in the threat, including the executive order in May to reinforce software supply chains.
“Our 100-day action plan to improve cybersecurity across the electricity sector has already resulted in more than 150 utilities serving 90 million Americans committing to deploy cybersecurity technologies, and we are working to deploy action plans for additional critical infrastructure sectors,” shared President Biden.
Stressing that cyber threats affect everyone, President Biden added that it’s time that countries start working together to “establish and promote clear rules of the road….making clear we will hold accountable those that threaten our security.”