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Bank Info Security 11 months, 3 weeks ago

UK Government Set to Impose Ransomware Payment Ban

Labour Government Also Backs Ransomware Payment Clearance and ReportingThe British government vowed Tuesday to proceed with a proposed ransomware payment ban for critical infrastructure organizations such as the National Health Service and to press forward on a mandate for other businesses to notify authorities in advance of paying out a ransom.

Bank Info Security 1 year, 3 months ago

UK Home Office Ransom Ban Proposal Needs More Clarity

Cybersecurity Wonks Find Fault With Home Office Ransomware ProposalsA collection of British cybersecurity policy wonks poured cold water over a British government proposal to outlaw ransom payments by government agencies and from regulated operators of critical infrastructure. A ban wouldn't likely represent a significant blow to ransomware profits.

British Government Proposals Also Include Payment Bans for Critical InfrastructureBanning ransom payments by public sector and critical infrastructure entities, notifying the government of any intent to pay a ransom, and reporting incidents to authorities comprise three counter-ransomware initiatives proposed by the British government. Which ones will pass muster?

Bank Info Security 1 year, 7 months ago

Victims Must Disclose Ransom Payments Under Australian Law

New Law Calls for Better Reporting, Securing Devices and Critical InfrastructureThe Australian government's proposed cybersecurity legislation passed both houses of the Parliament on Monday, formalizing the government's strategy to boost ransomware payment reporting, mandate basic cybersecurity standards for connected devices and enhance critical infrastructure security.