August 30, 2025
Companies that inform the government about ransom payments when cybercrime procedures

Companies that inform the government about ransom payments when cybercrime procedures

Companies must notify the government if they want to pay a ransom of cybercriminals in front of new proposals, which also want to set the ransom requirements for NHS, municipal councils and schools.

The Interior Ministry’s suggestions come according to Marken & Spencer have refused to say whether it paid a ransom for hackers in a big attack at the beginning of this year.

New measures would ban the public sector and operator of critical national infrastructure to pay hackers.

The Home Office said this would help to smash the cyber criminal business model and to make public services and companies in Great Britain a less attractive goal for ransomware groups.

Almost three quarters of the public consultation opened at a public consultation opened in January showed the support of the proposal, it said.

In addition, as part of the proposals that are not covered by the ban, the government would have to notify the government if it intends to pay a ransom.

The government hopes that this would enable him to give the affected companies advice and support, including the alarm if such payment would risk the law by sending money to sanctioned cyber criminal groups, many of which are resident in Russia.

Ransomware refers to software used by cyber criminals to access the computer systems of its victims, which can then be encrypted or stolen until a ransom is paid.

M&S was targeted by Hackern in April to close his website for six weeks and the business estimated £ 300 million.

Co-OP's gesture on members after a cyber attack
The hackers of Co-OP went to data from all 6.5 million of its members (CO-OP/PA)

Co-OP also had to switch off parts of its IT systems after a cyber attack that led to all personal data of its members stolen-a single names, addresses and contact information.

Archie Norman, Chairman of M&S, said in the beginning of this month that the hack from the Hacking Group Spider and an Asia-based ransomware operation called Dragonforce was initiated.

He refused to say whether the retailer had paid a ransom demand after the attack or not, but said that the “damage” was as soon as his systems were endangered.

Security Minister Dan Jarvis said: “Ransomware is a predatory crime that endangers the public, shoots a living with the livelihood and threatens the services that we depend on.

“That is why we are determined to smash the cyber criminal business model and protect the services we all rely on when we create our plan for changes.”

The managing director of British Library, Rebecca Lawrence, said that it was the “victim of a devastating ransomware attack in October 2023”.

“The attack destroyed our technology infrastructure and continues to affect our users. However, as a public body, we did not deal with the attackers or paid the ransom,” she said.

“Instead, we undertake to share our experiences in order to protect other institutions affected by cyber crime and to build up collective resistance for the future.”

Shirine Khoury-Haq, managing director of Co-OP, said she welcomed the government’s proposals and added: “We know first-hand the damage and disorder of cyber attacks for companies and communities.”

The package of measures could also lead to the introduction of an obligatory reporting regime, which would give the law enforcement authorities more secret services to imitate the perpetrators.

Leave a Reply

Your email address will not be published. Required fields are marked *