- New ransomware proposals that should be implemented by the British government
- These include a ban on ransom payments for public services
- Ransomware attacks cost the British economy of millions per year
A new set of cyber-reglemenations is introduced by the British government in a decision to protect British public services against the growing threat of ransomware.
Under new directives, public organizations such as the NHS, local councils and schools will all be prohibited from paying ransom requests – a decision that seeks to dissuade criminals from targeting public institutions.
“It is estimated that ransomware costs the British economy for millions of books each year, with recent high -level ransomware attacks highlighting severe operational, financial and even potentially fatal risks,” said the government’s declaration.
Criminal business model
Among the very publicized attacks against public services lately, there is a ransomware attack on an NHS hospital, the disturbances whose patient’s death contributed to the death of these harmful and harmful attacks, not only financially but at a personal level too.
Ransomware-as-A-Service (RAAS) is a several million pound industry, which preveses out to vulnerable organizations without protection cybersecurity protection.
Public organizations in the United Kingdom with chronic budgetary constraints are particularly vulnerable, not only because they cannot afford first-rate security, but also because they provide critical services that have devastating impacts if they are disrupted.
Under the new set of proposals, companies which are not covered by the ban are required to inform the government if they intend to pay the ransom – giving the government the possibility of providing them with advice and support, including informing them if such payment would risk violating the law by sending funds to sanctioned cybercriminals, many of which are based in Russia. ”
“Ransomware is a predatory crime that endangers the public, destroys the means of subsistence and threatens the services we depend on,” comments the Minister of Security Dan Jarvis. “By working in partnership with industry to advance these measures, we send a clear signal that the United Kingdom is united in the fight against ransomware.”
