US Will Bring Together 30 Countries to Combat illegal Use of Crypto

The United States  along with 30 Countries to Combat illegal Use of Crypto, Says Biden

The White House released an announcement by President Joe Biden Friday on the government’s cybersecurity efforts as October is Cybersecurity Awareness Month.

President Biden notified that the United States is “partnering closely with countries around the world” to counter the cybersecurity threats, “including our NATO allies and G7 partners.” He added that this month:

“The U.S. will bring together 30 countries to speed up our cooperation in combating cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically.”

“The Federal government needs the partnership of every U.S. citizen and every U.S. company in these attempts. We must lock our digital doors — by encrypting our data and using multifactor authentication, for example—and we must build technology securely by design, enabling consumers to understand the risks in the technologies they buy,” Biden continued.

The U.S. president opined: “I am committed to strengthening our cybersecurity by hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all countries in cyberspace, and making clear we will hold accountable those that threaten our security.”

The Biden administration has been increasing efforts to combat ransomware. In September, the U.S. Department of the Treasury announced “a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms” as part of the whole-of-government effort to counter ransomware.

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