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Making ransomware payments illegal: the nuclear option

Making ransomware payments illegal: the nuclear option

A new report suggests criminalising the paying of ransom demands might change everything – but could it result in mutual assured destruction as cyber security goes nuclear? Organised crime researcher, lecturer and consultant Chris Allen takes a look

Ransomware has become the preeminent global threat with recent SERBUS research suggesting the UK is the second most attacked country in the world, costing businesses nearly £400 million last year.

To counteract this, a Royal United Services Institute (RUSI) report has proposed a raft of measures devised to counter the factors that have driven the surge in this type of crime.

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SC Unlocks: Insurance & Assurance aims to provide delegates with practical and business critical tools on how cybersecurity within the Insurance space works. The briefing will explore the unique challenges of the insurance sector, including how cybersecurity insurance (aka cyber liability insurance) can help reduce liability, strategies for risk management/ transfer, regulatory oversight and cyber asset valuations.