In a gathering of 48 countries for the third annual International Counter Ransomware Initiative summit, the U.S. and allies are pledging to not pay ransomware attacks leveraged against their individual countries.
The pledge comes as the cost of ransomware attacks continues to rise. According to a recent report by security firm Sophos , the average price tag of a ransomware event (which includes recovery costs) has risen to $1.85 million, making it a lucrative business for cyber criminals.
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