Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

UK tackles record cyber incidents as Russian ransomware attacks increase

UK tackles record cyber incidents as Russian ransomware attacks increase

National Cyber Security Centre says cyberattacks at record high and urges businesses not to pay up
The National Cyber Security Centre (NCSC) said it tackled a record number of cyber incidents in the UK over the last year, with ransomware attacks originating from Russia dominating its activities.

The cybersecurity agency said it had helped deal with a 7.5% increase in cases in the year to August, fuelled by the surge of criminal hackers seizing control of corporate data and demanding payment in cryptocurrency for its return.

Paul Chichester, director of operations, said that “ransomware has certainly dominated a significant portion of year” and that the hacking epidemic had become “global as a story in the last 12 months”.

Criminal hackers, based in Russia or in nearby Russian speaking territories, successfully targeted organisations such as the London borough of Hackney and the celebrity jeweller Graff in the UK in the past year.

In May, in the US, oil and gas supplier Colonial Pipeline suspended operations after a ransomware attack left it unable to access key data. It eventually paid $5m (£3.7m) to the hackers to regain control of its systems.

Central government and the UK public sector do not pay cyber ransoms, although fixing the damage can take months. Rebuilding Hackney’s affected systems cost around £10m, with some of the costs met by central government.

However, NCSC officials said they had no power to prevent the payment of ransoms – often around £1m a time – by businesses to hackers, even though doing so ensured the criminal activity continued.

“We would say we would prefer people not to pay because that’s what keeps the UK safest collectively,” said Lindy Cameron, the director of the organisation, who acknowledged that commercial pressures meant some businesses felt they had little choice to meet the hackers’ demands for money.

British ministers and officials have considered banning cyber ransom payments, but it is understood that is unlikely to be implemented, partly because of concern it would discourage businesses from reporting attacks.

Many companies are able to claim on their cyber insurance, although once hackers have access to a corporate system they can seek the insurance policy to work out how much the company is able to pay.

Last month the head UK spy agency GCHQ, NCSC’s parent organisation, disclosed that the number of ransomware attacks on British institutions has doubled in the past year. The impact on the British economy is estimated to run into the hundreds of millions of pounds, mostly stemming from the costs of immobilising businesses.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
×