DOZENS OF COUNTRIES WILL PLEDGE TO STOP PAYING RANSOMWARE GANGS

Summary from the TLDR InfoSec newsletter

An alliance of 40 countries will sign a pledge to stop paying ransoms demanded by cybercriminal groups during the third annual International Counter-Ransomware Initiative summit in Washington, D.C. The initiative is in response to record ransomware risks worldwide, with the U.S. being the target of approximately 46% of these incidents. The summit will also focus on strategies to block the funds used by ransomware groups to finance their operations.