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Banning Ransom Payments: Calls Grow to ‘Figure Out’ Approach

Posted on March 8, 2024 by Dissent

Mathew J. Schwartz reports:

How might banning ransomware victims from paying a ransom to their attacker work in practice?

As ransomware groups are causing massive damage and disruption and showing no signs of stopping, Ciaran Martin, the former head of Britain’s National Cyber Security Center, said “it’s time to figure out how to make a ransomware payments ban work.”

Writing in a recent London Times op-ed, he emphasized that while governments need to start finding answers to this question, bans shouldn’t be immediate. “Note: I said how to make a ban work,” said Martin, who’s now a professor of practice at Oxford University. “We’re not ready for one tomorrow. But we’re not trying to get ready either.”

Read more at BankInfoSecurity.com.

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