A coalition of 40 countries led by the United States plans to sign a commitment to refuse to pay ransoms to hackers

ChainCatcher news, according to Reuters, U.S. White House officials stated that a coalition of 40 countries led by the United States plans to sign a commitment to never pay ransoms to cybercriminals and is dedicated to eliminating the funding mechanisms for hackers. U.S. National Security Advisor Anne Neuberger stated that the U.S. has been hit the hardest so far, accounting for 46% of such attacks.

Neuberger said that the coalition's new initiative aims to eliminate the funding sources for criminals by better sharing information about ransom payment accounts. Two information-sharing platforms will be created, one by Lithuania and the other jointly by Israel and the UAE. Partner countries will share a "blacklist" through the U.S. Treasury, which will include information about digital wallets used to transfer ransomware payments. Neuberger added that this work will utilize artificial intelligence to analyze the blockchain to identify illegal funds.