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U.S. seeks to strengthen global cooperation against cybercrime

On 13-14 October 2021, U.S. President Joe Biden convened a virtual summit with officials from about 30 countries to accelerate cooperation in the fight against cybercrime, including on the issue of ransomware

Making cybersecurity a global priority, Washington wants to promote the use of resources offered by artificial intelligence (AI) and quantum computing.

In particular, Joe Biden highlighted the need to control cryptocurrency flows, especially to identify those from ransomware. The Office of Foreign Assets Control (OFAC)—the financial control agency linked to the U.S. Treasury Department—has moreover recently blacklisted Suex, a cryptocurrency platform accused of facilitating the transit of ransomware from computer attacks.

Participants in the summit included the United Kingdom, Australia, India, Japan, France, Germany, South Korea, the European Union, Israel, Kenya, and Mexico, among other countries. Russia, however, was not invited. This is probably because most of the major ransomware attacks targeting the United States have been attributed to Russian-speaking hackers or to cybercriminals operating from Russian territory.

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