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Legislative proposals to counter ransomware
14 January 2025
Type
Written Ministerial Statement
Department
Home Office
At a Glance
Issue Summary
The statement discusses proposed legislative measures to combat ransomware threats.
Action Requested
The Government is launching a public consultation for three tailored legislative proposals aimed at reducing ransomware impacts, including payment prevention and mandatory reporting regimes. The consultation will run for 12 weeks with the aim of improving resilience against cyber crime.
Key Facts
- Ransomware is identified as the greatest serious and organised cyber crime threat to the UK's national security.
- In 2023, reported ransomware attacks reached their highest level since 2019.
- The number of UK victims on ransomware data leak sites doubled from 2022.
- Globally, ransomware criminals earned over $1bn in 2023.
- 36 ransomware criminals have been sanctioned by the UK.
- Operation CRONOS was a global collaboration to disrupt Lockbit, one of the most prolific ransomware groups.
- The consultation will run for 12 weeks.
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