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ARTICLE · 04 JUNE 2024

Cyber Security | UK Regulatory Outlook May 2024

Osborne Clarke LLP
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NCSC guidance for organisations considering payment in ransomware incidents | UK government announces two new codes of practice for cyber security and AI | ICO reports on cyber security breaches.

United KingdomTechnology
Charlie Wedin
Charlie Wedin
Ashley Hurst
Ashley Hurst
Philip Tansley
Philip Tansley
Nina Lazic
Nina Lazic
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NCSC guidance for organisations considering payment in ransomware incidents | UK government announces two new codes of practice for cyber security and AI | ICO reports on cyber security breaches

NCSC guidance for organisations considering payment in ransomware incidents

The National Cyber Security Centre (NCSC) has released joint guidance with the Association of British Insurers (ABI), the British Insurance Brokers' Association (BIBA) and the International Underwriting Association (IUA).

The best practice guidance aims to improve the market's approach to ransom payments, thereby minimising the disruption and cost of incidents, and ultimately reduce the number of ransoms being paid by UK ransomware victims.

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