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Should we ban ransom payments?

ID: d02b7e6c-0799-5619-a010-d82bfc1807c3

STIX ID: report--d02b7e6c-0799-5619-a010-d82bfc1807c3

Feed Name: TechCrunch Security News

Date Published: 2024-03-04

Date Updated: 2026-04-23

Author: Carly Page

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The report analyzes growing calls to ban ransomware payments, arguing that while the goal is to disrupt criminal profits, enforcement would be difficult, exceptions would be necessary, and bans could push payments underground and reduce incident reporting; it cites state-level bans in North Carolina and Florida that showed no discernible drop in public-sector attacks and concludes that prohibitions alone are unlikely to deter adaptable ransomware groups.

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