Representatives from the U.S., the European Union, and 30 other countries pledged to mitigate the risk of ransomware and harden the financial system from exploitation with the goal of disrupting the ecosystem, calling it an “escalating global security threat with serious economic and security consequences.” “From malign operations against local health providers that endanger patient care, to those directed at businesses that limit their ability to provide fuel, groceries, or other goods to the public, ransomware poses a significant risk to critical infrastructure, essential services, public safety, consumer protection and privacy, and economic prosperity,”

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