Ransomware takes center stage in U.S. official’s Middle East trip

- Advertisement -


WASHINGTON, Nov 11 (Businesshala) – US Deputy Treasury Secretary Wally Ademo will travel to the Middle East on Friday, a Treasury spokesman told Businesshala, where he will try to forge a partnership on ransomware and cybersecurity as hackers attack some of America’s more important wreaked havoc in the areas. Industry.

- Advertisement -

In the highest-ranking visit by a Treasury official to the region under President Joe Biden’s administration, Adeyemo will discuss terrorist financing and spread as well as economic recovery after the coronavirus pandemic in his visits to Israel, Saudi Arabia, the United Arab Emirates, and the United States. Emirates and Qatar.

- Advertisement -

In Israel, Adeyemo will take the approach of focusing on technology to combat ransomware and other cyber-related threats, the spokesperson said.

It was unclear whether he would extend NSO Group, the Israeli spyware company that the US Commerce Department added to its business blacklist this month after he said it sold spyware to foreign governments to target government officials, journalists and others. equipment was used.

- Advertisement -

Biden has made the government’s cybersecurity response a top priority after a series of attacks this year that threatened to destabilize US energy and food supplies.

Hackers use ransomware to destroy systems that control everything from hospital billing to manufacturing. They only stop after receiving a huge payment, usually in cryptocurrencies.

This year, the gang has extensively hacked several US companies. One such attack on pipeline operator Colonial Pipeline resulted in temporary fuel supply shortages on the US East Coast. The hackers also targeted an Iowa-based agriculture company, raising fears of disruption to grain harvesting in the Midwest.

The US Treasury Department warned in a sanctions review last month that digital currencies and payment systems could reduce the effectiveness of US sanctions, allowing the transfer of funds outside the dollar-based financial system.

“The deputy secretary’s visit comes after a review of sanctions, emphasizing multilateral coordination on sanctions as well as threats posed by emerging technologies such as virtual assets,” the spokesperson said.

Reporting by Daphne Saledakis; Editing by Lincoln Feast.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox