Australia Becomes First Country to Force Disclosure of Ransomware Payments

Australia becomes first country to force disclosure of ransomware payments

Companies operating in Australia must now report any payments made to cybercriminals after experiencing a ransomware incident. Government officials hope the new mandate will help them gain a deeper understanding of the issue, as many enterprises continue to pay ransoms whenever they fall victim to file-encrypting malware.Read Entire Article

What The Privacy Act Means: Madhuri Nandi Explains

As data breaches rise and public trust flickers, Australia has taken a bold step in reforming its Privacy Act, marking one of the significant regulatory shifts in the region’s digital history. To decode what this means for businesses, The Cyber Express sat down with Madhuri Nandi, Head of Security at Till Payments, Australia.  With nearly 20 years in cybersecurity leadership, Nandi brings a sharp perspective on how these changes impact legal, IT…

Australia becomes first country to force disclosure of ransomware payments | #ransomware | #cybercrime - National Cyber Security Consulting

TL;DR: Canberra authorities are embracing a tough approach to ransomware threats. A new law will require certain organizations to disclose when and how much they have paid to cybercriminals following a data breach. However, experts remain unconvinced that this is the most effective way to tackle the problem. Companies operating in Australia must now report […]

Australia Mandates Ransomware Payment Disclosure, Signals Broader Cybersecurity Crackdown

Australia’s war on cybercrime has entered a new phase. As of May 30, 2025, companies operating in the country with revenues exceeding AUD $3 million must report any ransomware or cyber extortion payments within 72 hours—a landmark shift intended to pierce the secrecy surrounding ransomware economics.The new disclosure requirement is part of the Cyber Security Act 2024, a sweeping legislative package designed to strengthen the country’s digital d…