Cybersec chiefs team up with insurers to say 'no' to ransomware bullies

The UK’s NCSC, in partnership with ABI, BIBA, and IUA, released guidance to discourage ransom payments and help organizations make better decisions during ransomware incidents, emphasizing consulting experts, involving the right stakeholders, investigating root causes, and avoiding panic. Citing evidence such as the LockBit leaks that criminals may not delete data even after payment, the initiative aims to undermine the ransomware business model and serve as an interim measure while potential legal bans are considered; insurers also highlight existing tools like ABI’s Cyber Safety tool to bolster resilience.