The G7 draft also expresses concern about the rising threat of ransomware attacks, which are on the rise as the COVID-19 pandemic shifted economic activity on-line.
“These attacks, which often involve payments in crypto-assets, jeopardize essential functions along with our collective security and prosperity. We affirm our resolve to combat this threat collectively as well as individually,” the draft said.
Ransomware: Huge rise in attacks this year as cyber criminals hunt bigger pay days
Ransomware attacks have been on the rise and getting more dangerous in recent years, with cyber criminals aiming to encrypt as much of a corporate network as possible in order to extort a bitcoin ransom in return for restoring it. A single attack can result in cyber criminals making hundreds of thousands or even millions of dollars.