This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: U.S. Convenes International Summit on Ransomware
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Tech > U.S. Convenes International Summit on Ransomware
Tech

U.S. Convenes International Summit on Ransomware

Editorial Board Published October 13, 2021
Share
U.S. Convenes International Summit on Ransomware
SHARE

The U.S. will convene a summit of more than 30 nations starting Wednesday to discuss methods to combat ransomware. Russia wasn’t invited.

Contents
Newsletter Sign-upWSJ Pro Cybersecurity

Attendees of the virtual meeting, hosted by the White House’s National Security Council, will discuss international cooperation on issues such as the use of cryptocurrency by hackers, norms for conduct in cyberspace and law-enforcement partnerships, a senior Biden administration official said.

“This event over the next few days is Exhibit A of how we’re working with international partners to disrupt ransomware networks,” the official said.

Participating nations include longtime U.S. allies such as the U.K., Australia, Germany and Israel, as well as Bulgaria, Kenya, Nigeria and the United Arab Emirates. The list underscores “just how pernicious and transnational and global the ransomware threat has been in the different countries from all different parts of the world who will be participating,” the official said.


Newsletter Sign-up

WSJ Pro Cybersecurity

Cybersecurity news, analysis and insights from WSJ’s global team of reporters and editors.


The U.S. official didn’t give specific reasons for why the Russian government wasn’t invited to this week’s summit but said the country’s absence at this meeting didn’t preclude its involvement in future such meetings. The U.S. has blamed Russian hackers for launching cyberattacks, including a campaign against technology provider SolarWinds Corp. that resulted in corrupted software being sent to nine U.S. agencies and several companies. Moscow has consistently denied involvement in cybercrimes or that it harbors cybercriminals.

The U.S. is continuing to discuss the issue of ransomware with Russia through bilateral channels instead, the official said, adding that Russia has acted on information shared through those discussions to disrupt ransomware operators.

“Clearly, Russia plays a role because of a number of criminal actors who are operating from Russia. And that is the reason that President Biden established, with President Putin, a dedicated channel for us to have very focused and candid discussions,” the official said.

Homeland Security Secretary Alejandro Mayorkas said in September that ransomware attacks in the U.S. have increased by 300% in the past year.

After high-profile attacks on Colonial Pipeline Co. in May, which disrupted East Coast fuel supplies, and meatpacker JBS SA in June, the U.S. government has dedicated significant resources to cybersecurity efforts.

These include a Justice Department task force focused on ransomware, an executive order from President Biden in May and sanctions in September for a Russia-based cryptocurrency exchange the Treasury Department accused of managing payments for cybercriminals.

Cybersecurity experts have long warned that serious efforts to mitigate the impact of ransomware attacks, which disrupted operations at hospitals and other critical infrastructure during the coronavirus pandemic, are unlikely to succeed without Russian involvement.

“I’ve been in cybersecurity for 24 years and I’ve never seen it this bad,” said Tom Kellermann, head of cybersecurity strategy at software company VMware Inc. “I’ve never seen cybercrime cartels this emboldened, this organized, this sophisticated and so punitive in their actions.”

Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. WSJ’s Dustin Volz explains why these attacks are on the rise and what the U.S. can do to fight them. Photo illustration: Laura Kammermann

—Catherine Lucey contributed to this article.

Write to James Rundle at james.rundle@wsj.com

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:Tech NewsWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article William Shatner, TV’s Capt. Kirk, boards rocket for blastoff William Shatner, TV’s Capt. Kirk, boards rocket for blastoff
Next Article ‘Squid Game’ Is Slammed by Kim Jong Un’s Propagandists ‘Squid Game’ Is Slammed by Kim Jong Un’s Propagandists

Editor's Pick

I attempted Google’s new Search Dwell function and ended up debating an AI about books

I attempted Google’s new Search Dwell function and ended up debating an AI about books

Google’s new Search Dwell function lets customers maintain real-time voice conversations with an AI-powered model of Search The Gemini-powered AI…

By Editorial Board 6 Min Read
AI at Scale: Mohammed’s Revolutionary Architecture Behind the World’s Fastest Website Builder
AI at Scale: Mohammed’s Revolutionary Architecture Behind the World’s Fastest Website Builder

In an extraordinary technological breakthrough, Abdul Muqtadir Mohammed has fundamentally transformed how…

7 Min Read
Bobby Flay Pays Tribute to Anne Burrell: She was Unforgettable…
Bobby Flay Pays Tribute to Anne Burrell: She was Unforgettable…

Studying Time: 3 minutes Bobby Flay is the newest movie star to…

5 Min Read

Oponion

Was the loss to the Dolphins Dre Greenlaw’s final recreation for the 49ers?

Was the loss to the Dolphins Dre Greenlaw’s final recreation for the 49ers?

Dre Greenlaw was again within the lineup Sunday in a…

December 23, 2024

J Balvin units two massive Again to the Rayo Tour stops in Northern California

J Balvin has his eyes set…

November 19, 2024

Willow Glen loses first sport of the yr as St. Francis wins CCS Open Division softball championship in extras

SARATOGA — Willow Glen’s undefeated season…

June 1, 2025

‘Back to where it was:’ NFL ratings see big jump in first month of season

NBC used Adele’s “Hello” as a…

October 5, 2021

Tesla Seeks Chinese Government Support for Its Suppliers Amid Power Cuts

Tesla has asked Shanghai’s government to…

August 19, 2022

You Might Also Like

The iPad Is a Full-On Laptop Now
Tech

The iPad Is a Full-On Laptop Now

However Apple has been heading on this route for some time. In 2020, the Magic Keyboard introduced an additional port…

4 Min Read
The iPad Is a Full-On Laptop Now
Tech

We have Lastly Reached the Finish of the Highway for Intel Macs

In the present day, Apple introduced the newest model of its Mac working system, macOS Tahoe, sporting a handful of…

3 Min Read
The Landscape of International Trade in 2025: Constant Evolution and Strategic Shifts
TechTrending

The Landscape of International Trade in 2025: Constant Evolution and Strategic Shifts

The international trade landscape is in constant flux, and the year 2025 is no exception. According to expert Manoel Gil…

3 Min Read
TLI Ranked Highest-Rated 3PL on Google Reviews
TechTrending

TLI Ranked Highest-Rated 3PL on Google Reviews

EXTON, PA — Translogistics, Inc. (TLI), a trailblazer in the 3PL and managed logistics space since its founding in 1994,…

12 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?