REGULATION · UK
UK plans ransomware payment ban for public sector and critical infrastructure
UK government moving to prohibit ransomware payments by public-sector bodies and critical national infrastructure operators, joining global effort to starve attackers of revenue as ransom demands escalate.
WHY IT MATTERS
Financial firms supporting public/critical entities must prepare for operational restrictions; payment corridors may require regulatory exemptions or cyber-insurance workarounds.
Source: PYMNTS · 2026-07-20