Senior Officials Join the U.S. in an Anti-Ransomware Initiative

Following the last week’s White House National Security Council’s virtual meetings on the Counter-Ransomware Initiative event, senior officials from the U.E. and 31 countries have issued a joint statement where they acknowledged their focus on cryptocurrency payment channels disruption, asserting that their governments will begin to take action in this sense.

What Countries Are Involved in the Anti-ransomware Initiative?

The entities involved are the following, as per the published statement:

We the Ministers and Representatives of Australia, Brazil, Bulgaria, Canada, Czech Republic, the Dominican Republic, Estonia, European Union, France, Germany, India, Ireland, Israel, Italy, Japan, Kenya, Lithuania, Mexico, the Netherlands, New Zealand, Nigeria, Poland, Republic of Korea, Romania, Singapore, South Africa, Sweden, Switzerland, Ukraine, United Arab Emirates, the United Kingdom, and the United States recognize that ransomware is an escalating global security threat with serious economic and security consequences.

Source

The Anti-Ransomware Initiative Following the Crypto Abuse by Hackers

As we know from the fact sheet published last week, approx. $500 million in cryptocurrency is the amount that embodies the total ransomware payments from 2020 and the first quarter of 2021 (in 2020 $400 million and in 2021 Q1 $80 million).

The goal of this anti-ransomware initiative is to stop

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