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<ul class="news-points"> 
 <li>Forty countries in a US-led alliance plan to sign a pledge never to pay ransom to cybercriminals.&nbsp;</li> 
 <li>The alliance will work to share information on digital wallets associated with ransomware attacks.&nbsp;</li> 
 <li>The partner countries will also contribute to a “black list” containing identified digital wallets associated with the attacks.</li> 
</ul> 
Forty countries in an alliance spearheaded by the United States plan to sign a pledge to never pay ransom to cybercriminals, and to work towards removing hackers’ source of revenue, Reuters <a href="https://www.reuters.com/technology/alliance-40-countries-vow-not-pay-ransom-cybercriminals-us-says-2023-10-31/" target="_blank" rel="nofollow">reported</a>, citing a senior White House official.&nbsp; 
The alliance, dubbed the International Counter Ransomware Initiative, seeks to counter the spread of cybercrimes across the world. Partnered countries will work to eliminate criminals’ funding through better information sharing about ransom payment accounts.&nbsp; 
Furthermore, a “black list” will be created for the countries to share details on digital wallets being utilized for ransomware payments. Similarly, the alliance will use artificial intelligence to track and identify illicit funds’ movement on blockchains.&nbsp; 
The report noted that the United States has been the worst hit by cybercrim…
The post <a rel="nofollow" href="https://coinedition.com/report-40-countries-to-sign-pledge-to-never-pay-cybercriminal-ransoms/">Report: 40 Countries to Sign Pledge to Never Pay Cybercriminal Ransoms</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Report: 40 Countries to Sign Pledge to Never Pay Cybercriminal Ransoms

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