Ransomware

Cryptocurrency and hacking offences introduced to Parliament

The Crimes Legislation Amendment (Ransomware Action Plan) Bill 2022 (Bill) seeks to amend the Criminal Code Act 1995 (Criminal Code), the Crimes Act 1914 and the Proceeds of Crime Act 2002 to bring historical legislation into the modern state of play as it relates to threats of ransomware.  The new powers under this Bill complement existing search and seize powers which we’ve previously considered here. [Read more…]

Ransomware Payments Bill 2021 (Cth)

Ransomware is a type of software which maliciously denies an organisation access to their own IT systems and often threatens to release information within such a system subject to the payment of a ransom.  The government believes ransomware attacks are Australia’s largest cyber threat.[1]  The Ransomware Payments Bill 2021 (Cth) (Bill) intends to establish mandatory reporting requirements for all of Commonwealth entities, State or Territory agencies, corporations and partnerships who make ransomware payments pursuant to a ransomware attack.  The Bill would see such organisations provide notice to the Australian Cyber Security Centre (ACSC). [Read more…]

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