Lord Leong (Lab)

Speaking in the House of Lords on 14 October 2025

Debate

Contribution

The noble Lord makes an important point. I share with noble Lords that in the UK ransomware is considered the greatest of all serious and organised cybercrime threats and is deemed a risk to the UK’s national security by the National Crime Agency. In January 2025, the Home Office launched a consultation on a package of proposals to reduce the threat that ransomware poses to the UK economy. Alongside this consultation, significant stakeholder engagement also took place. Three proposals were consulted on: first, whether there should be a targeted ban on ransom payments to owners; secondly, a ransom payment prevention regime; and, thirdly, whether there should be a mandatory incident and reporting regime. The Home Office is progressing a new package of measures to protect UK businesses, and we will update the House accordingly.

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