BLUFThere’s a policy vacuum in Australia that makes it an attractive target for ransomware attacks.
Ransomware attacks can bring a large organisation to a grinding halt for as little as $66. Cyber expert Rachael Falk says ransomware attacks are now a global epidemic, and Australia is a prime target. She argues that government needs to work more closely with organisations to reduce the incentives to target Australian companies by:
- Liaising with civil-society groups and businesses about mitigating the risk of ransomware attacks.
- Creating greater clarity regarding the legality of ransomware payments.
- Adopting a mandatory reporting regime and providing incentives for businesses to bolster their cyber defences through tax and subsidy measures.
- Creating a non-punitive but mandatory reporting model.
- Introducing a much more transparent reporting system.
The recently published results of the 2021 Lowy Institute poll found 98% of respondents viewed cyberattacks as a greater concern than climate change, global pandemics, international terrorism, severe economic downturn and Australia-China relations.
Sep 2020 ABC News Cyber attacks on Australia blurring the lines between peace and war, Defence Minister says
Nov 2020 ASPI Government must take cyber threat to democracy seriously
Dec 2020 ASPI Australia must do more to prepare for a SolarWinds-style supply-chain attack
Mar 2021 Forbes Alarming Cybersecurity Stats: What You Need To Know For 2021
Jun 2021 The Conversation With cyberattacks growing more frequent and disruptive, a unified approach is essential
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