The International Counter Ransomware Initiative (CRI) has decided to deepen its institutional collaboration to enhance “collective resilience” to ransomware, disrupt attacks and pursue responsible actors, counter illicit finance that underpins ransomware ecosystem, work with the private sector against attacks, and cooperate across all elements of the ransomware threat.
- At the end of the first in-person CRI summit in Washington DC on November 2, hosted by the United States National Security Council, the grouping also took a series of decisions to step up the institutional mechanisms to deal with this “global challenge that requires global cooperation to produce global solutions”.
- India leads the network resilience working group of the initiative along with Lithuania and was represented by Lt General (retired) Rajesh Pant, the national cybersecurity coordinator in the Prime Minister’s Office.
- The International Counter Ransomware Initiative (CRI) is a grouping of 36 countries, including India, and the European Union.
What is Ransomware?
- Ransomware is primarily a profit-seeking endeavor, commonly leveraging money laundering networks to move ransomware proceeds.
- Ransom malware, or ransomware, is a type of malware that prevents users from accessing their system or personal files and demands ransom payment in order to regain access.
- While some people might think “a virus locked my computer,” ransomware would typically be classified as a different form of malware than a virus.
