Security News > 2024 > March > Ransomware ban backers insist thugs must be cut off from payday

Global law enforcement authorities' attempts to shutter the LockBit ransomware crew have sparked a fresh call for a ban on ransomware payments to perpetrators.

Martin's comments reflect a growing belief in the cybersecurity community that a ban on ransom payments is the only way to disrupt the crime in the long term, despite the challenges that would come with such a move.

It's an argument that those in favor of a ban acknowledge and appreciate, a compelling one without a tangible solution right now.

It's a take with which others have also concurred, such as Lisa Forte, partner at Red Goat Cyber Security, who said that small disruptions of ransomware gangs aren't working, so the finances of ransomware must be the next target.

There are currently no plans to develop a legal ban on ransom payments from the governments of the Five Eyes nations.

The New Zealand-based company is another proponent of a ransom payment ban.

News URL

https://go.theregister.com/feed/www.theregister.com/2024/03/04/experts_echo_calls_for_ransomware/