Given the American Bill implicitly targets Russia, if passed into law it would doubtless have implications for organisations in the UK, particularly those that also do business in the US. However, it should be noted that many businesses have already reduced their exposure to Russian markets to comply with Western sanctions following the invasion of Ukraine.
The UK government is planning to bring forward new cyber security laws as well, and the proposed Cyber Security and Resilience Bill outlined in the King’s Speech contains welcome hints that the UK will enforce better reporting of ransomware incidents. However, it has not yet advanced to the stage where any detailed proposals on other measures have been put forward.
Recent dialogue in the UK on improving responses to ransomware has focused largely on banning ransomware payments as a lever that it is time to pull, something that has also been the subject of debate in the US, although CISA director Jen Easterly recently indicated this idea may be off the table for now.
Writing on ransomware payment bans for Computer Weekly earlier in 2024, Cyjax CISO and cyber commentator Ian Thornton-Trump said that when push came to shove, the UK tends to follow the US’ lead on such matters.
He said: “The UK, while it thinks about a ban on ransomware payments, may end up with no choice.” This scenario may yet play out with regard to Warner’s proposals.
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Publish date : 2024-08-08 02:22:00
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