White House kicks off international ransomware meeting amid global barrage

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Oct 13, 2021 | CYBERSCOOP

A parade of nations recounted grim experiences with ransomware at the start of a two-day White House-led summit on Wednesday, where the gathered officials will collaborate on how to counter the rise of digital extortion.

Israel was, at the moment, dealing with an ongoing ransomware attack at a major hospital, Hillel Yaffe Medical Center. Ireland and the Czech Republic have experienced similar attacks on their medical centers. South Korea has seen a 70% year-over-year increase in ransomware incidents, and the United Arab Emirates has seen a 200% rise.

Each anecdote, each statistic fed into the White House message for the day that ransomware is a global issue that will require collective action. Scheduled sessions will cover resilience, illicit finance, disrupting criminals and diplomacy, each led by officials from a different country.

“No one country, no one group can solve this problem,” said U.S. National Security Adviser Jake Sullivan. “Transnational criminals are most often the perpetrators of ransomware crimes, and they often leverage global infrastructure and money laundering networks across multiple countries, multiple jurisdictions to carry out their attacks.”

Nations will have to work together “to hold criminals and the states

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