UK Government Potentially Vulnerable to a Catastrophic Ransomware Attack on Critical Infrastructure

By Alicia Hope for CPO Magazine
Friday, January 19, 2024

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A parliamentary committee report warns that the UK government was at high risk of a catastrophic ransomware attack that could bring the country to a standstill.

Dr. Ilia Kolochenko, Chief Architect at ImmuniWeb, warned that ransomware could reach pandemic levels: “Good old ransomware may well attain the status of a global cyber pandemic in 2024,” He said. “The underlying infrastructure, spanning from exploits and data encryption malware to cryptocurrency laundering services, becomes readily available as a service on a pay-as-you-go scale.”

“Worse, amid the unfolding geopolitical tensions and global uncertainty, law enforcement agencies and prosecutorial authorities have no more possibility to collaborate in complex cross-border investigations of organized cybercrime efficiently,” Kolochenko added.

“Ultimately, cyber gangs calmly operate from non-extraditable jurisdictions with impunity, enjoying steadily growing income paid by desperate victims,” noted Kolochenko Read Full Article