The 40 nations that form the alliance have announced their intentions never to pay ransom to hackers and to share data that would help catch them. 

To achieve this, two information-sharing platforms will be created, one by Lithuania and another by Israel and the United Arab Emirates, officials revealed.

The number of ransomware attacks has significantly grown worldwide over the past couple of years. The US is by far the worst hit, facing an average 46 per cent of such attacks. High-profile cases such as the attacks on casino operator MGM Resorts International and cleaning products maker Clorox are examples of this surge in cyber crime. 

“As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow,” said Anne Neuberger, US deputy national security adviser for cyber and emerging technologies.

As part of this effort to eliminate cyber criminals’ funding, alliance members have agreed to create a shared blacklist...