Maybe some victims will decide not to pay ransom since they will have to disclose the payment anyway? Jayant Chakravart reports:
The Australian government’s proposed cybersecurity legislation passed both houses of the Parliament on Monday, formalizing the government’s strategy to boost ransomware payment reporting, mandate basic cybersecurity standards for connected devices and enhance critical infrastructure security.
The Cyber Security Act forms part of a comprehensive cybersecurity legislative package that also would amend the Security of Critical Infrastructure Act 2018 to better secure critical infrastructure systems and establish a Cyber Incident Review Board to review significant cybersecurity incidents and issue public findings.
Cybersecurity Minister Tony Burke said the Cyber Security Act’s passage is a “landmark reform” under the government’s eight-year cybersecurity strategy that seeks to make Australia the world’s most secure nation by 2030.
Read more at DataBreachToday.com.