Australian businesses are paying untold amounts of ransom to hackers, but the government is hoping to claw back some visibility with a landmark cybersecurity law.
While major ransomware attacks on companies such as MediSecure, Optus and Latitude have grabbed headlines for breaching the privacy of millions, the practice of quietly paying off cybercriminals has flourished in the dark.
The situation has deteriorated to the point that the government’s original ambition for an outright ban on ransom payments has been nixed, for now, and the focus has shifted to mapping the scale of the problem.
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