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US Leads 40-Country Alliance to Cut Off Ransomware Payments

November 2, 2023
Contributed by: Bill Russell
Summary
US, with 40 nations, plans to pledge never to pay ransoms to cybercriminals; part of International Counter Ransomware Initiative. Initiative targets ransomware operators' funding, with US most affected by such threats. New measures follow high-profile US attacks; countries aim to create broader understanding of ransom accounts via two information-sharing platforms, AI blockchain analysis for identifying illegal funds, and by sharing digital wallet blacklist via US Treasury.
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