UK moves forward with plans for mandatory reporting of ransomware attacks

The Record reports:

The British government’s proposals to overhaul its ransomware strategy reached a minor milestone on Tuesday as the Home Office published its formal response to a consultation on amending the law, but questions remain regarding how effective the measures will be.

Public consultations are a regular part of the British legislative process. In this case, the Home Office set out three key policy ideas to tackle the ransomware crisis and solicited public feedback to justify forthcoming legislation.

The three key policy ideas are a ban on payments by organizations working in the public sector or in critical national infrastructure; a requirement for victims to notify the government before making any extortion payments; and a mandatory reporting requirement so all victims inform law enforcement of attacks.

Read more at The Record.