U.S. national security advisers from 30 countries will gather this month with plans to combat the growing threat of ransomware and other cybercrimes. Cybercrime is very much a transnational crime, and urgent measures are needed at the national level and within the framework of international cooperation.
The ever-growing use of computers and information communication technologies in the world of “e-everything” has opened a range of new activities for crime to take place through electronic means, on a global scale and irrespective of national and transnational borders. During the pandemic, while so many people stayed at home, effectively combating, investigating, and prosecuting cybercrimes required international cooperation. Law enforcement agencies and institutions backed by laws, international relations, conventions, directives, and international guidelines were crucial to fighting cybercrime.
There are many challenges to international cooperation and establishing international guidelines to fight global cybercrime across borders. Because of differences in countries’ criminal laws, complex jurisdictional issues, and new cooperation procedures that challenge cybercrime, it is necessary to identify perpetrators across borders anywhere in the world and to investigate and secure electronic evidence of their crimes so that they may be brought to justice. Especially when cybercrime activities involve cryptocurrency it is hard for authorities to trace such crimes.
One White House official said they are particularly eager to address “the misuse of virtual currency to launder ransom payments” and intend to “investigate and prosecute ransomware criminals,” many of who are anonymous and attack institutions in other countries.