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Push to ban ransomware payments following Australia's biggest cyber attack

Published 04/12/2023, 12:46 AM
Updated 04/12/2023, 02:20 AM
© Reuters.

The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.

Australian financial institution Latitude Financial first announced on March 16 that it was hit by a cyber attack and provided an update on April 11 indicating that it received a ransom demand that it's refusing to pay:

The ACSC’s tips on responding to a ransomware attack. Source: ACSC

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