Home Affairs Minister, Karen Andrews, is today releasing a ransomware plan that includes mandatory reporting requirements for companies with turnover of $10 million or more a year.
Jacqueline Jayne, Security Awareness Advocate, KnowBe4, said: “The mandatory reporting of ransomware attacks is a move in the right direction. We need more visibility and transparency to encourage more conversations about the impact and ferocity of ransomware attacks or near misses.”
She added, “The increase in discussion would bring with it an opportunity to educate all Australians about cybersecurity risks and reporting can be used as a tool to share and to learn from these incidents. Mandatory reporting on ransomware incidents can also provide a positive move towards collaboration. Data can be used as a learning opportunity so that we can share findings, share stories, and then potentially share solutions within the cyber community. Furthermore, this brings the conversation to the broader community as cybersecurity is everyone’s responsibility.”