Businesses to notify government about ransom payments in cyber crime crackdown
Briefly

Businesses will now need to inform the government if they plan to pay ransoms to cyber criminals under new proposals aimed at public sector protection. These measures will prevent public bodies and critical infrastructure operators from making ransom payments, a strategy designed to dismantle the business model of cyber criminals. Public consultation showed substantial support for these proposals, with nearly three-quarters of respondents backing the initiative. The goal is to reduce the appeal of UK public services and businesses as targets for ransomware attacks.
Under new proposals, businesses will have to notify the government if they plan on paying a ransom to cyber criminals. These measures are designed to ban public sector bodies from paying ransom demands to hackers.
The Home Office aims to clamp down on ransom payments to the NHS, local councils, and schools, strengthening protections for public services.
Public support for the proposal is significant, with nearly three-quarters of respondents in a public consultation expressing their approval of the new measures.
The Home Office stated that these initiatives are intended to dismantle the cyber criminal business model, making public services and businesses less appealing targets for ransom attacks.
Read at www.independent.co.uk
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