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Companies could soon be banned from paying ransoms to hackers

Posted On: Nov. 15, 2022 9:20 AM CST

Cyber liability

Australian Home Affairs Minister Clare O'Neil said that the government is mulling new legislation that would make it illegal for companies to pay ransom payments to hackers, Bendigo Advertiser reported citing Australian Associated Press. The Australian government is looking at several short-term and long-term measures and has accelerated its efforts to tackle cyber attacks after the recent Medibank and Optus data breaches.