Representatives from the U.S., the European Union, and 30 other countries pledged to mitigate the risk of ransomware and harden the financial system from exploitation with the goal of disrupting the ecosystem, calling it an “escalating global security threat with serious economic and security consequences.”
“From malign operations against local health providers that endanger patient care, to those directed at businesses that limit their ability to provide fuel, groceries, or other goods to the public, ransomware poses a significant risk to critical infrastructure, essential services, public safety, consumer protection and privacy, and economic prosperity,” officials said in a statement released last week.
To that end, efforts are expected to be made to enhance network resilience by adopting cyber hygiene good practices, such as using strong passwords, securing accounts with multi-factor authentication, maintaining periodic offline data backups, keeping software up-to-date, and offering training to prevent clicking suspicious links or opening untrusted documents.
Besides promoting incident information sharing between ransomware victims and relevant law enforcement and cyber…
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