Cybersecurity lawyers and incident responders say company boards will face fresh pressure from Friday, when new laws come into force that will compel the disclosure of ransom payments to cybercriminals.
The rules mean any organisation that has an annual turnover of $3 million or more, or is responsible for critical infrastructure, must report a ransom payment via an online portal to Home Affairs and the Australian Signals Directorate, within three days.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
