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New Australian ransomware plan allows for seizure of crypto By Cointelegraph

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Australian lawmakers are taking a harder stance towards ransomware with a brand new plan that will increase penalties for offenders.

The brand new measures and proposed Surveillance Laws Modification introduced by the federal authorities on Oct. 13 come after a 60% surge in cyberattacks on Australian companies and state companies final 12 months. In accordance with reviews, these incursions value the financial system $AU1.4 billion (round $US1 billion).

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