White House Cybersecurity Advisor Calls for Ban on Using Ins...

Anne Neuberger, Deputy National Security Adviser for Cyber and Emerging Technologies, has called for insurance companies to stop covering ransomware payments, suggesting that such policies inadvertently incentivize cybercrime by making it easier for victims to pay ransoms. Her comments, shared in an opinion piece for the Financial Times, come amid growing discussions at the White House's 4th annual Counter Ransomware Initiative conference, which aims to tackle the rising threat of ransomware attacks. Neuberger emphasizes that while the government discourages ransom payments, they are exploring policy measures that would reduce reliance on such payouts while ensuring critical entities can recover from attacks without exacerbating the problem. The push to ban ransomware payments via insurance is gaining momentum, but experts note that such a ban could harm small and medium-sized businesses unless phased in carefully. In the meantime, the White House advocates for improved cybersecurity practices, such as maintaining backups and using multi-factor authentication, as more effective means for organizations to protect themselves against ransomware threats.

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