UK to Ban Public Sector, Critical Infrastructure Ransomware Payments

UK to Ban Public Sector from Paying Ransomware Demands, Mandate Rapid Incident Reporting

  • The UK plans to ban public sector and critical infrastructure organizations from paying Ransomware demands.
  • New rules would require mandatory reporting of ransomware incidents within 72 hours and detailed follow-ups within 28 days.
  • A public consultation found most support for the ban, but opinions are divided on penalties for non-compliance.
  • The Home Office is reviewing whether penalties for violating the ban should be civil or criminal.
  • Ransomware remains a major threat in the UK, impacting organizations like the National Health Service and the British Library.

The United Kingdom is moving forward with plans to ban all public sector bodies and operators of critical national infrastructure from paying ransomware demands. The proposed ban, announced Tuesday, aims to reduce incentives for cybercriminals targeting essential services like energy providers, health services, and local councils.

- Advertisement -

The new measures follow a public consultation by the UK Home Office, which also calls for a mandatory reporting system. Organizations affected by ransomware attacks would have to inform the government within 72 hours and provide more detailed information within 28 days. The Home Office seeks to expand an existing ban that previously only applied to government departments.

Dan Jarvis, the UK security minister, stated, “The Home Office is determined to smash the cyber criminal business model and protect the services we all rely on,” highlighting plans to collaborate with industry partners. The document explains ransomware as a type of Malware that locks files or systems until a ransom—typically paid in cryptocurrency—is received.

A report from Chainalysis noted that ransomware attacks dropped by 35% last year compared to the previous year. Other sources, such as CertiK, indicate that most crypto-related losses in 2024 have come from wallet and phishing attacks instead.

During the consultation, nearly three-quarters of respondents supported the targeted ban, while just over 20% disagreed. The idea of mandatory reporting for all attacks had the backing of 63% of participants. However, opinions were mixed on what penalties to enforce if organizations failed to comply; while many agreed penalties are needed, respondents were divided over whether these should be civil or criminal in nature.

- Advertisement -

The 2024 National Cyber Security Centre’s Annual Review highlighted ransomware as the most immediate and disruptive threat facing the UK. Recent attacks have delayed NHS surgeries and impacted technology systems at the British Library. Rebecca Lawrence, the British Library Chief Executive, described a June 2024 ransomware attack as one that “destroyed our technology infrastructure and continues to impact our users.”

Internationally, other countries have taken a range of approaches. Australia recently began enforcing mandatory ransomware reporting for large businesses and operators of critical infrastructure, after earlier rejecting a full ban on ransomware payments. In contrast, US lawmakers proposed to block budget for cyberattack disclosure rules for public companies.

For more, the full government response document is available here.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Bitcoin Plunges to $65K, Half Its All-Time High

Bitcoin fell over 3% to near $65,000 on Friday, trading close to half its...

Tesla Cybertruck Delivery Wait Hits 2027

Tesla's website shows delivery estimates stretching to 2025 for its new Dual Motor AWD...

Binance’s Compliance Claims Questioned Amid Iran Scrutiny

Binance faces renewed criticism for facilitating transactions linked to Iran, which its leadership calls...

Figure Stock Plummets 20% Despite Strong Revenue Growth

Figure Technology Solutions shares plummeted ~20% despite reporting increased Q4 revenue of $159.9 million...

Malicious Go Module Hijacks Linux Passwords

A malicious Go module impersonates a legitimate "golang.org/x/crypto" library to steal secrets.The malware harvests...

Must Read

This is How to Buy and Sell Bitcoin

Now more than ever, there are a variety of ways to enter and exit the crypto market. While this is good, the availability of...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!