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Update on the International Counter-Ransomware Initiative

['Anne Neuberger', 'Deputy Assistant To The President', 'Deputy National Security Advisor For Cyber', 'Emerging Technology']

Date: 2021-10 

WHAT: Washington Foreign Press Center On-The-Record Virtual Briefing

TOPIC: Update on the International Counter-Ransomware Initiative

BRIEFER: Anne Neuberger, Deputy Assistant to the President and Deputy National Security Advisor for Cyber and Emerging Technology

WHEN: Friday, October 15, 2021 12:00 p.m. EDT

WHERE: Virtual Briefing via Zoom

RSVP: The Zoom web link and telephone number will be sent to those who RSVP. Please Note: This event is for FPC credentialed media only.

BACKGROUND: On October 13 and 14, the White House National Security Council facilitated an international counter-ransomware virtual event with over 30 countries and the European Union, with the goal of accelerating cooperation to counter ransomware.

The meetings addressed improving network resilience, addressing the financial systems that make ransomware profitable, disrupting the ransomware ecosystem via law enforcement collaboration, and leveraging the tools of diplomacy to address safe harbors and improve partner capacity.

Ransomware incidents have disrupted critical services and businesses worldwide – schools, banks, government offices, emergency services, hospitals, energy companies, transportation, and food companies have all been affected. The global economic losses from ransomware are significant: payments reached over $400 million globally in 2020, and topped $81 million in the first quarter of 2021, illustrating the financially driven nature of these activities.

The Biden Administration has pursued a focused, integrated effort to counter the threat, which includes leading international efforts to fight ransomware. International partnership is key since transnational criminal organizations are often the perpetrators of ransomware crimes, leveraging global infrastructure and money laundering networks to carry out their attacks.



The Administration’s counter-ransomware efforts are organized along four lines of effort:

– Disrupt Ransomware Infrastructure and Actors

– Bolster Resilience to Withstand Ransomware Attacks

– Address the Abuse of Virtual Currency to Launder Ransom Payments

– Leverage International Cooperation to Disrupt the Ransomware Ecosystem and Address Safe Harbors for Ransomware Criminals

Deputy National Security Advisor Anne Neuberger will discuss the results of this week’s event, and how the Administration is working closely with international partners to address the shared threat of ransomware and galvanize global political will to counter ransomware activities.

The partners who attended the Counter-Ransomware Initiative event were:

Australia Brazil Bulgaria Canada Czech Republic Dominican Republic Estonia EU France Germany India Ireland Israel Italy Japan Kenya Lithuania Mexico Netherlands New Zealand Nigeria Poland ROK Romania Singapore South Africa Sweden Switzerland UAE USA UK Ukraine

For more information, check out:

NOTE: All briefings are subject to change. Please email DCFPC@state.gov or visit the FPC website for the latest information on this and other FPC programs.
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[1] Url: https://www.state.gov/briefings-foreign-press-centers/update-on-the-international-counter-ransomware-initiative

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