G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks – Regulation Bitcoin News

G7 leaders have called on Russia to “urgently identify, harass and hold accountable” ransomware hackers and those who misuse cryptocurrencies to launder ransom. “We reiterate our interest in stable and predictable relations with Russia and will continue to engage where there are areas of mutual interest,” the G7 leaders said.

G7 nations call on Russia to crack down on Ransomware hackers abusing cryptocurrencies

The G7 leaders met in Cornwall, England, on June 11-13. Among a long list of topics discussed were ransomware attacks involving encryption. The G7 includes the United States, the United Kingdom, Japan, Germany, France, Italy and Canada.

“We reiterate our interest in stable and predictable relations with Russia and will continue to engage where there are areas of mutual interest,” he said in a statement issued Sunday following the leaders’ summit.

In particular, we call on Russia to urgently, identify, disrupt and hold accountable those within its borders who carry out ransomware attacks, misappropriation of ransom money and other cybercrime.

In addition to cybercrime, G7 leaders called on Russia to “investigate and reliably explain the use of a chemical weapon on its territory” and to “end its systematic crackdown on independent civil society and the media.” .

Recently, several large companies in the US were hit by ransomware attacks and the Federal Bureau of Investigation (FBI) believes that the attackers were part of Russian criminal gangs. Hackers demanded payment in bitcoin. The office suspects the Revil Group, also known as Sodinokibi, was behind the attack on meat processing company JBS. The Darkside hacker group is believed to be behind the ransomware attack on the Colonial Pipeline.

The Biden administration said earlier this month that “fighting ransomware is a priority for the administration,” adding that it would extend cryptographic analysis to combat ransomware attacks.

G7 finance ministers and central bankers met earlier this month in London. They discussed the regulation of digital currencies of the central bank and agreed to “work towards common principles and publish conclusions later in the year.”

Do you think Russia will do as the G7 leaders demanded regarding crypto ransomware? Let us know in the comments section below.

Tags in this story

Bitcoin Ransom, Colonial Pipeline, cybercrime, cybercriminals, g7, g7 leaders, g7 leaders summit, jbs, ransom, ransomware, ransomware attacks, ransomware hackers, Russia

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