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Chronicles

The story behind the story

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The US says 40 countries plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism

Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating …

Reuters Zeba Siddiqui

Context & Ripple Effects

This expands a U.S.-organized ransomware effort that had previously brought 32 countries together to share attack information, improve defenses, and disrupt hackers’ financial tools at the earlier White House ransomware summit. The new focus on refusing payments shifts the coalition’s stated objective from coordination alone toward constraining the revenue model that sustains ransomware operations.

First-order effects

Second-order effects

  • A shared non-payment stance could increase pressure on public agencies and critical-service operators to invest in recovery planning, backups, and incident response rather than rely on negotiation after an attack.
  • The effectiveness of the pledge will depend on whether participants can translate information-sharing and financial disruption into enforcement; uneven implementation would leave attackers able to target organizations outside the commitment.

Third-order effects

  • The move points to ransomware being treated less as an isolated cybersecurity problem and more as a cross-border illicit-finance system, requiring coordinated action across governments.
  • If the coalition maintains a unified stance, cyber resilience and disruption of criminal payment channels may become more central to national security policy; the available coverage does not establish how broadly private-sector victims would be bound.

The trend: Governments are moving from ad hoc ransomware response toward multinational efforts to reduce attackers’ ability to monetize intrusions.

Discussion

  • @seyitaylor @seyitaylor on x
    that's kinda optimistic isn't it?