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Australia becomes first country to force disclosure of ransomware payments
Companies operating in Australia must now report any payments made to cybercriminals after experiencing a ransomware incident. Government officials hope the new mandate will help them gain...
Government officials hope the new mandate will help them gain a deeper understanding of the issue, as many enterprises continue to pay ransoms whenever they fall victim to file-encrypting malware. Authorities are allegedly planning to follow a two-stage approach, initially prioritizing major violations while fostering a "constructive" dialogue with victims. Ransomware remains a highly complex and growing phenomenon, with attacks reaching record levels despite increased law enforcement actions against notorious cyber gangs.
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