Ransomware attacks hit the world with 400 billion last year

WASHINGTON: Ransomware alone is enough. The dialogue of the James Bond film My Name Is Bond James Bond literally applies to that ransomware. The world's ransomware industry, which has flourished illegally, reached 400 400 billion in 2020. In other words, ransomware hit the global economy 400 billion last year. Today, the situation is such that the 30 leading countries of the world have to come down under one umbrella to fight it. In other words, 30 countries will coordinate in the cyber world on a uniform basis to fight the terror of ransomware. India has a key role to play.

A two-day meeting between ministers from more than 20 countries and the European Union to address the challenge of the cyber world will end on Thursday. The meeting is being chaired by President Joe Biden. They will form a group of allies to counter ransomware resistance.

Many governments understand the inevitability of this. The four countries will voluntarily take the lead in the discussion and organize a discussion on a special theme. India will host or discuss its resilience, Australia its disruption, the UK its virtual currency and Germany its political aspect.

The White House has devised a four-pronged strategy for a comprehensive government effort. The first level will disrupt Ransomvan's infrastructure and actors. For this, the American government will do its best. The second level will increase the resilience against ransomware. We should also not forget our limitations while disrupting the ransomware network of criminals here, so that we do not become their easy targets. Stopping the misuse of virtual currency for third ransom payments. We are developing existing capabilities and gaining new capabilities for it to chase the ransomware process and stop it from moving forward. Fourth, increasing ransomware at the international level can disrupt the ransomware ecosystem.

Currently participating countries are Australia, Brazil, Bulgaria, Canada, Czech Republic, Dominican Republic, Estonia, European Union, France, Germany, India, Ireland, Israel, Italy, Japan, Kenya, Lithuania, Mexico, Holland. , New Zealand, Poland, Korea, Romania, Singapore, South Africa, Sweden, Switzerland, Ukraine, UAE and UK.