Key cyber developments: looking back over 2024
For the cyber market, 2024 brought with it many legislative and regulatory changes, as well as sophisticated cyber-attacks and ground-breaking law enforcement activity. RPC have published a guide to recap the key developments from the past year in the cyber market.
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Government consultation on ransomware
On 14 January 2025, the UK Government issued a consultation aimed at reducing payment to cyber criminals in ransomware incidents and increasing the level of incident reporting.
The consultation contains three main proposals, and asks for views on various other options for potential legislative change. The three proposals are:
a targeted ban on ransomware payments for public services and critical national infrastructure
a wider "ransomware payment prevention regime" which would apply to all organisations
mandatory reporting of ransomware (possibly subject to specific thresholds).
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