Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says

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Watch onSAN FRANCISCO - Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday.

"As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow," she said. While hundreds of companies fall victim every year, high-profile U.S. attacks occurred in the last two months at casino operator MGM Resorts International and cleaning products maker Clorox. Both companies have not yet fully recovered from the disruptions.

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