UK business leaders support a ban on ransomware payments, particularly for public sector entities. A significant majority, 96%, believe such a ban should extend to the private sector. If a ban on private firms were enforced, 75% would still pay ransoms to protect their organizations. Quoting Darren Thomson, paying ransomware generally does not ensure recovery and can lead to increased risk of future attacks. The prevailing sentiment indicates concerns over operational safety alongside the need for improved cybersecurity measures against ransomware incidents.
"Paying a ransom rarely guarantees recovery and often increases the likelihood of being targeted again," said Darren Thomson, field CTO EMEAI at Commvault.
"A well-enforced ban could help take the profit out of ransomware, but it must be matched by greater investment in prevention, detection, and recovery-testing."
The survey found that 94% of business leaders support limiting ransom payments for public bodies, and 99% for private organizations.
However, in real-world situations, only 10% said they would actually comply with any ban if they were attacked.
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