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Paying off hackers is common, says top Australian govt cybersecurity firm

Posted on October 25, 2022 by Dissent

Byron Kaye reports:

Corporate insurers routinely pay hackers a ransom for the return of stolen customer data, a top Australian government cybersecurity provider said on Tuesday (Oct 25), as the country’s biggest health insurer revealed the growing scale of a recent breach.

The claim from Macquarie Telecom Group, which runs cybersecurity for 42 per cent of Australian federal employees, including the Australian Taxation Office, gives a sense of a lack of preparedness in an industry that has been in the spotlight amid a wave of high-profile hacks in the past month.

Read more from Reuters at TodayOnline.

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Category: Breach IncidentsCommentaries and AnalysesMalwareNon-U.S.

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