The Home Office has proposed a 'targeted ban' on ransom payments following a wave a cyberattacks targeting the UK © 2024 TechCrunch. All rights reserved. For personal use only.
The main conceptual idea from the text is that the U.K. government is proposing a ban on ransomware payments by public sector organizations and critical infrastructure businesses. This move aims to disrupt the financial model of ransomware attacks by cutting off the hackers' source of income.
The proposal includes:
* Prohibiting public sector bodies (like local councils, schools, and NHS trusts) from paying ransoms.
* Criminalizing ransomware payments for critical infrastructure organizations (energy, communication, etc.).
* Mandating reporting of ransomware incidents for organizations not covered by the ban.
The government believes this will help protect national security and combat the growing threat of ransomware attacks.
The main conceptual idea from the text is that the U.K. government is proposing a ban on ransomware payments by public sector organizations and critical infrastructure businesses. This move aims to disrupt the financial model of ransomware attacks by cutting off the hackers' source of income. The proposal includes: * Prohibiting public sector bodies (like local councils, schools, and NHS trusts) from paying ransoms. * Criminalizing ransomware payments for critical infrastructure organizations (energy, communication, etc.). * Mandating reporting of ransomware incidents for organizations not covered by the ban. The government believes this will help protect national security and combat the growing threat of ransomware attacks.
