ASSESSMENTS

The Obstacles Facing the U.S.-Led Fight Against Ransomware Attacks

MIN READOct 14, 2021 | 21:28 GMT

U.S. President Joe Biden delivers an address in the East Room of the White House on Oct. 13, 2021.

U.S. President Joe Biden delivers an address in the East Room of the White House on Oct. 13, 2021.

(Drew Angerer/Getty Images)

U.S.-led multilateral efforts to counter growing ransomware attacks will likely increase law enforcement coordination, sanctions restrictions and overall threat awareness. But such diplomatic efforts will ultimately struggle to make significant progress on curbing ransomware and other financially motivated cyberattacks. The United States hosted the first meeting of the Counter-Ransomware Initiative on Oct. 13-14, bringing together more than 30 countries (mostly U.S. allies or partners) to discuss their shared ransomware threat and ways to disrupt and prevent future attacks. Neither China nor Russia was invited to attend, with senior U.S. officials specifically noting that they had other mechanisms through which to discuss ransomware threats with Russia. ...

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