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UK to propose mandatory reporting for ransomware attacks and licensing regime for all payments

Posted on May 21, 2024 by Dissent

“Mother, May I?” UK entities may need permission to make ransom payments. Alexander Martin reports:

Officials in Britain are set to propose a major overhaul of how the country responds to ransomware attacks by requiring all victims to report incidents to the government, and then obliging those victims to seek a license before making any extortion payments.

The proposals will be included in a public consultation to be published next month, according to multiple sources with knowledge of the matter who spoke to Recorded Future News.

Also being put forward is a complete ban on ransom payments for organizations involved with critical national infrastructure. The ban intends to remove the incentive for hackers to disrupt these critical services by preventing them from monetizing attacks.

Read more at The Record.

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Category: FederalLegislationNon-U.S.Of Note

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