Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

G7 finance chiefs talk cyber security in Bari after attacks

Share this article

G7 finance chiefs talk cyber security in Bari after attacks
G7 finance ministers prior to the Bari summit. Photo: Alberto Pizzoli/AFP
14:43 CEST+02:00
G7 finance ministers turned their focus Saturday to combating cyber crime in what Italy's Pier Carlo Padoan described as an "unfortunately very timely" discussion.

The ministers were expected to commit to stepping up international cooperation on the issue after a global onslaught that hit computer systems in nearly 100 countries on Friday.

The ministers from the group of seven wealthy democracies will say that cyber incidents represent a growing threat to their economies and that tackling them should be a priority, Italian officials said.

The talks, scheduled before Friday's events, focused particularly on the potential threat to the global financial system in the event of hackers being able to infiltrate the computer systems that run the global banking system, capital and equity markets.

The ministers, who also discussed inequality, and transnational tax evasion during their two-day review of the world economy, were due to wrap up their talks at lunchtime.

READ ALSO: G7 finance chiefs will try to pin down Trump's trade policy in Italy

"We are agreed on many things ... including on the fight against cyber crime which is unfortunately very timely," Padoan said on his arrival for Saturday's closing session.

Britain's National Health Service declared a the attack a "major incident" after dozens of its hospitals were hit on Friday.

Also affected by the onslaught were Russia's interior ministry, French carmaker Renault, the Spanish telecom giant Telefonica and the US delivery firm FedEx, as well as German rail operator Deutsche Bahn and municipalities in Sweden and Denmark.

The malicious software freezes files on computers, demanding a ransom to grant access to them.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Make a difference volunteering overseas in 2018

There's no better time than the start of a new year to help bring about positive change in the world. Find out why scores of young idealists are signing up to change people's lives for the better by volunteering abroad.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement