The two-day “counter ransomware initiative” meeting ended Thursday (US time) with participants agreeing on joint action against the malicious software that is increasingly being used in cyberattacks globally by perpetrators believed to be based in other countries, including China, Russia and North Korea.
In the statement, the countries agreed to consider “all national tools” to take action against ransomware operators.
“Ransomware is an escalating global security threat with serious economic and security consequences,” it read. “Governments recognize the need for urgent action, common priorities, and complementary efforts to reduce the risk of ransomware.”
The White House-led meeting came after a series of recent ransomware attacks on US businesses that has crippled their systems by infiltrating them and locking them up until a ransom is paid.
During the meeting, South Korea also affirmed the country’s commitment to actively take part in the global campaign against the threat posed by ransomware, according to the foreign ministry. (Yonhap)