The UK wants to ban some organizations from paying ransomware demands

• New ransomware proposals set to be implemented by UK Government
• These include a ban on ransom payments for public services
• Ransomware attacks cost the UK economy millions per year

A new set of cyber regulations are being introduced by the UK government in a move to protect British public services from the growing threat of ransomware.

Under the new guidelines, public organisations like the NHS, local councils, and schools will all be banned from paying ransom demands - a move which looks to dissuade criminals from targeting public institutions.

“Ransomware is estimated to cost the UK economy millions of pounds each year, with recent high-profile ransomware attacks highlighting the severe operational, financial, and even life-threatening risks,“ the Government’s statement argues.