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Countries including S. Korea agree to strengthen cooperation against ransomware at U.S.-led meeting Updated: 2021-10-15 17:12:30 KST

During a two-day Counter-Ransomware Initiative meeting on Wednesday and Thursday, high-level officials from some 30 countries discussed ways to tackle the escalating global security threat from ransomware.
The participants included South Korea's Ambassador for International Security Affairs, Lee Choong-myon and the White House National Security Adviser Jake Sullivan.
The virtual meeting was also attended by the EU, India and Japan among others.

They discussed countering the risks of illicit finance posed by virtual assets, which are commonly used as a means of money laundering.
The White House said the participants have agreed to strengthen international cooperation to prevent ransomware payment flows, working together with regulators, financial intelligence units and law enforcement.
They have also agreed to work together on network resilience and continue diplomatic efforts on the issue.
This comes as the U.S. is working to tackle ransomware attacks from North Korea, China and Russia.

"I think the Biden administration's one of top priorities of the external, foreign policy is to deter, prevent, deal with this cyber attack. In that sense, South Korea is going to be one of the major partners."

Seoul's foreign ministry said the South Korean ambassador shared the Korean government's enhanced counter-ransomware measures established in August and its contributions to the United Nations' international efforts for the peaceful use of cyberspace.
South Korea's ICT Ministry, Justice Ministry, prosecutors and the police also took part in the meeting.
Yoon Jung-min, Arirang News.
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