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Aussie Ransomware Victims Now Forced to Confess Payments

  • Organizations in Australia with an annual turnover of over AUS $3 million and operating within critical infrastructure sectors must report ransomware payments to the Australian Signals Directorate within 72 hours.
  • Approximately 6.5% of all registered businesses in Australia, representing half of the nation’s economic activity, fall under this mandate.
  • Strict penalties will be imposed for failure to comply, with the government initially focusing on extreme cases and planning for a more stringent regulatory approach next year.
  • The legislation aims to improve visibility into the ransomware threat landscape, as current voluntary reporting mechanisms have led to underestimation of the true scale and financial impact of cyberattacks in Australia.

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