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Is it time to ban ransomware insurance payments?

Posted on February 11, 2021 by Dissent

Alex Scroxton reports:

… According to [the founding head of the National Cyber Security Centre (NCSC)], the ransomware problem is now being exacerbated by victims paying ransoms to their extortionists and then claiming back this sum on their insurance. He described this as an “incentive” that encourages victims to pay to solve their problem quickly.

He told the newspaper it was now time to “look seriously” at changing insurance law to ban payments – or, if not that, to enter into consultation with the industry about how to respond.

Read more on ComputerWeekly.

Related posts:

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  • UK: ICO and NCSC stand together against ransomware payments being made
  • The Ransomware Superhero of Normal, Illinois
  • CISA Alert (AA22-040A): 2021 Trends Show Increased Globalized Threat of Ransomware
Category: Commentaries and AnalysesMalwareNon-U.S.

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