A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals.

Former Official Claims Most of the Cybercriminals Are Based in Russia

During an interview with The Guardian, Martin, who was the head of the National Cyber Security Centre (NCSC), pointed out that insurance firms are indirectly funding organized crimes in ransomware incidents.

Martin believes that companies’ insurance claims from ransomware attacks help perpetuate the criminal circle. Moreover, the former cybersecurity official states that the national health systems could be hit during the pandemic by such attacks:

I see this as so avoidable. At the moment, companies have incentives to pay ransoms to make sure this all goes away … You have to look seriously about changing the law on insurance and banning these payments, or at the very least, having a major consultation with the…

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Source: https://news.bitcoin.com/former-uk-cyber-intelligence-official-pushes-for-law-change-to-stop-bitcoin-ransomware-payments/