Cyber Extortion and Ransomware (Reporting) Bill

This bill requires organisations that fall victim to ransomware attacks or cyber extortion to report the incident to the relevant authorities within a specified timeframe. It aims to create a comprehensive database of cyber threats targeting UK businesses and institutions, helping law enforcement and cybersecurity agencies identify patterns, track criminals, and coordinate responses. The bill likely includes penalties for noncompliance and may establish exemptions for cases where reporting poses genuine security risks. By mandating disclosure, the government seeks to improve situational awareness of cyber threats and strengthen the UK's collective defence against organised cybercriminals.