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 [email protected]

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

Mohamed Farmaajo: A Leader Shaped by Reform, Integrity, and National Vision

Mohamed Farmaajo: A Leader Shaped by Reform, Integrity, and National Vision

Mohamed Abdullahi Mohamed, widely known as Farmaajo, was born in Mogadishu in early 1962. He completed his secondary education in…

By Editorial Board 6 Min Read
Warriors’ Steve Kerr remembers slain Oakland soccer ‘legend’ John Beam
Warriors’ Steve Kerr remembers slain Oakland soccer ‘legend’ John Beam

Beam coached within the East Bay for 40 years, first at Skyline…

3 Min Read
Public EV charging stations each 25-30 kms on Telangana highways a part of REDCO’s plan
Public EV charging stations each 25-30 kms on Telangana highways a part of REDCO’s plan

Authorities places of work, hospitals, faculties, railway stations are a number of…

3 Min Read

Oponion

Old Electric-Vehicle Batteries Are Getting a Second Life

Old Electric-Vehicle Batteries Are Getting a Second Life

Millions of electric vehicles will be scrapped in the coming…

June 13, 2022

US-built autos value $53,000 on common, pricing out funds consumers

Getting behind the wheel is about…

May 29, 2025

Bitcoin Buyers Flock to Investment Clubs to Learn Rules of the Road

Shalair Armstrong has a busy life.…

December 4, 2021

Bankrate’s 2025 vacation spending report

By Katie Kelton, Bankrate.com The winter…

November 1, 2025

The Oval Face Form: Your Ticket to Styling Versatility | Fashion

Ever caught your self staring within…

October 4, 2024

You Might Also Like

As an alternative of an AI Well being Coach, You Might Simply Have Pals
Tech

As an alternative of an AI Well being Coach, You Might Simply Have Pals

Somebody must say it. Somebody has to talk up in protection of being mid. I'm a mid runner. Most of…

5 Min Read
Google’s Black Friday Offers Are Stay for Pixel Telephones, Nest {Hardware}, and Extra
Tech

Google’s Black Friday Offers Are Stay for Pixel Telephones, Nest {Hardware}, and Extra

Google Pixel offers abound! The corporate has kicked off its Black Friday promotions on all of its Pixel {hardware}, from…

6 Min Read
These Beats Headphones Are Marked All the way down to 0 for Black Friday
Tech

These Beats Headphones Are Marked All the way down to $150 for Black Friday

Say what you'll about Beats followers, however at the least they know what they like. These headsets and earbuds are…

3 Min Read
The Finest Purple Mild Remedy Masks You Can Purchase Is At the moment on Sale
Tech

The Finest Purple Mild Remedy Masks You Can Purchase Is At the moment on Sale

CurrentBody kicked off its Black Friday sale early on November 1 and runs till December 24. Most merchandise stay at…

2 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?