Australian businesses who make ransomware payments to hackers could be forced to report their actions to authorities under new cybersecurity laws being introduced to parliament on Wednesday.
Businesses will be forced to report if they are subject to a ransomware attack.The government is introducing "unprecedented" cybersecurity legislation to parliament to help protect Australia's critical infrastructure.
The "unprecedented" legislation will also encourage companies to share private details with relevant agencies under, which follows the Albanese government's Cyber Security Strategy unveiled last year. Private entities will also be forced to address serious deficiencies with their risk management programs under a new government power aimed at protecting the country's critical infrastructure.
"The creation of a Cyber Security Act is a long-overdue step for our country and reflects the government's deep concern and focus on these threats," Cyber Security Minister Tony Burke said in a statement ahead of the laws being tabled.ABC News: Ian Cutmore"This legislation ensures we keep pace with emerging threats, positioning individuals and businesses better to respond to, and bounce back from cyber security threats," Mr Burke added.
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