Washington:
Ransomware attacks are one of the most pressing threats faced by public and private sectors, India has told a US-led international meet on the newest emerging challenge and has referred to as for taking measures to make certain that the country’s important infrastructure remains secure and safe.
Representing India at the Counter Ransomware Initiative, hosted by the White House, Lieutenant General (Retired) Rajesh Pant, National Cybersecurity Coordinator, told the participating 30 nations that the speedy digitization and cryptocurrency have added to the vulnerabilities in the cyber domain.
“Ransomware is an evolving form of a cyber threat and the culprits are becoming more sophisticated and agile. The upcoming Global dynamics have also created a digital climate ripe for exploitation,” Mr Pant stated.
“The COVID-19 pandemic has further added fuel to this and introduced many IT vulnerabilities due to the hasty Digital Transformation,” he added.
“Another contributor is the rising prominence of cryptocurrency, which is seemingly difficult to trace,” he stated at the two-day conference on Wednesday.
The conference concluded Thursday with a joint statement from 30 nations in which they pledged to act against secure havens for ransomware players.
India, thought of an IT superpower, played a important part by top discussions on resilience.
“In today’s world, Ransomware attacks are one of the most pressing threats faced by Public and Private sectors,” Mr Pant stated, adding that by the finish of 2021, ransomware is anticipated to attack a enterprise just about every 11 seconds and trigger damages of up to USD20 billion.
“In light of these rising threats, we need to ensure that our organisations, especially the Nation’s Critical Infrastructure, remain safe and secure,” he stated.
The National Cybersecurity Coordinator said it is the collective duty of the international neighborhood now to make certain that worldwide cyberspace is not dominated by criminal activities such as Ransomware and “we create for our future generations” a secure, safe and resilient cyberspace.
The Indian official appreciates the US initiative of bringing 30 nations on a popular platform to talk about and come across options to enhance our collective resilience, misuse of virtual currency, and require to investigate and prosecute the perpetrators of ransomware.
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