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April 28, 2026

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Category : English News

English News

US-hosted, India-led summit identifies ransomware as major cybersecurity threatRansomware is an escalating global cybersecurity threat with “serious economic and security consequences”, said a group of 30 countries in a joint statement on Thursday after a key virtual meeting hosted by the US. India, Germany, Australia and the UK played a leading role in organising the two-day talks. The joint statement on cybersecurity said governments “recognise the need for urgent action, common priorities and complementary efforts to reduce the risk of ransomware”. The participating countries also said efforts will be made to improve network resilience; address the abuse of financial mechanisms to launder ransom payments or conduct other activities that make ransomware profitable; and to disrupt the ransomware ecosystem via law enforcement collaboration and diplomatic engagement. On the need to show resilience against ransomware attacks – the discussions on which were led by India at the summit on cybersecurity – the statement said efforts will be made to address it not just as a technical issue but as one that “requires effective policy frameworks, appropriate resources, clear governance structures, transparent incident response procedures, a ready workforce, partnership with the private sector, and consistently enforced legal and regulatory regimes”.

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Ransomware is an escalating global cybersecurity threat with “serious economic and security consequences”, said a group of 30 countries in a joint statement on Thursday...