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2 Results from /security, 2021

Elizabeth Meade

Elizabeth Meade Senior Associate at Cooke, Young & Keidan LLP

Ransomware attacks: Should ransom payments to hackers be banned in the UK under legislation?

Should the UK make payments in response to ransomware illegal? It is an idea that is currently being considered by some US states, and Ciaran Martin, the former chief executive of Britain’s National Cyber Security Centre, recently told the FT that legislation outlawing payments should be looked at. On the one hand, it would seem an obvious soluti...

/security

Hamish Monk

Hamish Monk Senior Reporter at Finextra

The future of payments: Perfecting payments protection

With merchants leaning on card-not-present payments during the pandemic, and consumers themselves further embracing online banking, new opportunities have been created for financial criminals to exploit weaknesses in the digital payments system, and defraud people out of their hard-earned cash. Therefore, financial institutions are adjusting their...

/security