UK proposal would forbid ransom payments by gov’t agencies, but will it meaningfully decrease ransomware attacks?

Threat Score
75%
10 articles 100.0% Similarity 17 hours ago

Activity Timeline

UK government to bring in ransomware payment ban...
Computer Weekly IT Security
Jul 22
10:15
UK to ban ransomware payments by public sector org...
The Register Security
Jul 22
12:28
UK to ban public sector orgs from paying ransomwar...
BleepingComputer
Jul 22
13:01
UK Bans Public Sector from Paying Ransomware Gangs...
GB Hackers
Jul 22
13:21
UK Confirms Ban of Ransomware Payments to Public a...
Cybersecurity News
Jul 22
14:16
UK government wants ransomware victims to report c...
TechCrunch
Jul 22
16:36
Any Intent to Pay a Ransom? UK Government Wants to...
The Cyber Express
Jul 22
19:42
UK set to ban ransomware payments in public sector...
Security Brief UK
Jul 22
21:58
UK moves to ban ransomware payments for public sec...
Security Brief UK
Jul 22
21:58
UK proposal would forbid ransom payments by gov’t ...
CSO Online
Primary Article
Jul 23
01:25
  • The UK government proposed a ban on ransom payments by public sector organizations, including the NHS, local councils, and schools, to combat ransomware attacks.
  • Private sector entities will be required to report any intentions to pay ransoms, allowing authorities to disrupt cybercriminal operations.
  • The proposal follows a public consultation where nearly 75% of respondents supported the ban, indicating strong public backing for tougher measures against ransomware.
  • Experts caution that while the ban is a positive step, it may not significantly reduce ransomware incidents without broader enforcement and support mechanisms.
  • Ransomware attacks have increasingly targeted critical infrastructure, posing operational and financial risks to essential services across the UK.

The UK government has announced a significant proposal to ban ransom payments by public sector organizations, including the NHS and local councils, in an effort to combat the rising threat of ransomware attacks. This measure aims to disrupt the financial incentives for cybercriminals and comes after a consultation where 75% of respondents expressed support. While the ban is a proactive step, experts warn it may not drastically reduce attacks without additional enforcement and support for affected entities. Organizations should prepare for increased reporting requirements and consider developing incident response plans to mitigate the impact of potential ransomware incidents.

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