The White House will bring together over 30 countries and private sector firms for a two-day summit focused on combating ransomware attacks.
According to Security Week, the second International Counter Ransomware Summit will focus on priorities such as ensuring systems are more resilient to better withstand attacks and disrupt bad actors planning such assaults.
Among the administration officials planning to participate in the event are FBI Director Christopher Wray, national security adviser Jake Sullivan, Deputy Treasury Secretary Wally Adeyemo and Deputy Secretary of State Wendy Sherman.
Participating countries are Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Croatia, the Czech Republic, the Dominican Republic, Estonia, the European Commission, France, Germany, India, Ireland, Israel, Italy, Japan, Kenya, Lithuania, Mexico and the Netherlands.
Other countries include New Zealand, Nigeria, Norway, Poland, the Republic of Korea, Romania, Singapore, South Africa, Spain, Sweden, Switzerland, Ukraine, the United Arab Emirates, the UK and the US.
Companies that will take part include Crowdstrike, Mandiant, Cyber Threat Alliance, Microsoft, Cybersecurity Coalition, Palo Alto, Flexxon, SAP, the Institute for Security + Technology, Siemens, Internet 2.0, Tata – TCS and Telefónica.
Earlier this year, it was found that the average ransom demand grew to $247,000 in 2021 according to research from Group-IB.
According to CyberNews, victim downtime increased from 18 days in 2020 to 22 days in 2021. This all came after Group-IB analysed more than 700 ransomware attacks.
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