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UK To Ban Public Sector Orgs From Paying Ransomware Gangs

4 weeks 1 day ago
The United Kingdom's government is planning to ban public sector and critical infrastructure organizations from paying ransoms after ransomware attacks. From a report: The list of entities that would have to follow the new proposed legislation includes local councils, schools, and the publicly funded National Health Service (NHS). "Ransomware is estimated to cost the UK economy millions of pounds each year, with recent high-profile ransomware attacks highlighting the severe operational, financial, and even life-threatening risks. The ban would target the business model that fuels cyber criminals' activities and makes the vital services the public rely on a less attractive target for ransomware groups," the UK government said. "We're determined to smash the cyber criminal business model and protect the services we all rely on as we deliver our Plan for Change. By working in partnership with industry to advance these measures, we are sending a clear signal that the UK is united in the fight against ransomware," Security Minister Dan Jarvis added.

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