The U.K. government's consultation proposes a targeted ban on ransomware payments by public sector organizations to combat the cybercriminal business model and protect national security.
Following cyberattacks on public sector organizations, such as the NHS's critical incident last year, the government emphasized the need for preventive measures and mandatory reporting regimes.
With the alarming statistic of $1 billion in suspected ransom payments globally in 2023, the government seeks to legislate against ransom payments to strengthen national security.
The proposals also aim to establish a program to block ransom payments to sanctioned entities and instate criminal penalties for critical infrastructure organizations making such payments.
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