Should ransomware payments be banned? – Week in security with Tony Anscombe

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The debate over banning ransomware payments continues to spark discussions in cybersecurity and policy circles. What could be the consequences of prohibiting these payments, and would such a ban be effective?

In a recent update, the UK is considering making it illegal for critical infrastructure organizations to pay ransomware attackers as a deterrent to cybercriminals targeting essential services.

According to a report by Security Intelligence, Jen Easterly, Director of the US Cybersecurity and Infrastructure Security Agency (CISA), expressed skepticism about implementing such a ban in the US, citing practical challenges.

With varying opinions on the global approach to handling ransomware payments, questions arise about the broader implications of the lack of a unified strategy. The role of cyber-insurance and initiatives like CISA’s Secure-by-Design, endorsed by ESET, also come into focus. To delve deeper into these topics, check out Tony’s insightful video below.

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