Push to ban ransomware payments following Australia’s biggest cyberattack
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The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.
Australian consumer lender Latitude Financial first announced on March 16 that it was
At a Feb. 28 United States Senate Banking Committee hearing, a former deputy national security adviser for international economics in the Biden administration, Daleep Singh, said that “digital assets are essential to the business model of ransomware,” with “close to 100%” of cyber attackers paid off using crypto.
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