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Aussie businesses now have to fess up when they pay off ransomware crims (www.theregister.com)

submitted 6 months ago by MHLoppy@fedia.io to c/austech@aussie.zone

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: Move should help government track infections and plan new legislation

Australia now requires large companies to inform the government if they have paid off ransomware perps.

The requirements, as set out in the Cyber Security Bill 2024, kicked in on Friday, May 30. Any business turning over more than AUS $3 million ($1.92 million) must report ransomware payments within 72 hours to the Australian Signals Directorate (ASD).

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[–] eureka@aussie.zone 6 points 6 months ago

Ah good, finally in effect.

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