Top U.S. national security advisers will gather officials from 30 countries this month with plans to combat the growing threat of ransomware and other cybercrime, President Joe Biden said.
Top U.S. national security advisers will gather officials from 30 countries this month with plans to combat the growing threat of ransomware and other cybercrime, President Joe Biden said on Friday.
The Biden administration has elevated the response to cyber security to the senior-most levels of the administration following a set of attacks this year that threatened to destabilise U.S. energy and food supplies. Colonial Pipeline paid a hacker gang believed to be based in Eastern Europe nearly $5 million to regain access, some of which was later clawed back by U.S.law enforcement.Ransom software works by encrypting victims' data. Typically hackers will offer the victim a key in return for cryptocurrency payments that can run into hundreds of thousands or even millions of dollars.
The administration has increasingly focused on blocking what it calls China's"malicious cyber activity," charges, which Beijing has denied.
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