Regulation

Australia Takes Cybersecurity Stride: Businesses to Report Cyberattacks, but Is Ransom Payment Still on the Table?

Australian regulators are set to require local businesses to disclose any ransomware cyberattacks on their operations, aiming for greater transparency in the face of escalating cyber threats. The move comes as the country’s economy suffered a staggering $2.59 billion loss to cybercrimes in 2021. The upcoming national cybersecurity strategy, slated for unveiling this week, will […]