‘Millions’ in taxpayer money paid to cyber criminals in recent years – minister

‘Millions’ in taxpayer money paid to cyber criminals in recent years – minister
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‘Millions’ in taxpayer money paid to cyber criminals in recent years – minister
Author: Nina Lloyd
Published: Jan, 14 2025 10:04

Summary at a Glance

‘Millions’ in taxpayer money paid to cyber criminals in recent years – minister Millions of pounds of taxpayers’ money has been handed to cyber criminals in recent years, Britain’s security minister said as he unveiled proposals to combat ransomware attacks.

Asked whether that meant that a trust could have paid out thousands of pounds to criminals to get its computers back without the Government knowing about it, he said: “In theory, that is the case, and that’s why we’re looking to change the law to bring in a mandatory reporting regime so we’ve got much more visibility of these kind of activities.

Asked how much public bodies had paid out in recent years, Mr Jarvis said “significant” sums had been handed over, telling Times Radio: “Millions of pounds have been paid.

Speaking to broadcasters on Tuesday’s morning media round, Mr Jarvis said cyber criminals based in countries like Russia are “quite literally holding our country to ransom” and warned the problem was “extensive.”.

Dan Jarvis also suggested hostile actors could have extorted thousands more from organisations like the NHS without the Government knowing because there is no mandatory reporting regime.

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