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New Australian ransomware plan allows for seizure of crypto By Cointelegraph

by Mike Robinson

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Australian legislators have adopted a more aggressive stance on ransomware, with a new plan which increases the penalties for ransomware offenders.

On Wednesday, the Federal government announced new Surveillance Legislation Amendment and New Measures. These measures were taken in response to a 60% rise in cyberattacks targeting Australian companies and agencies. According toReportsThese incursions resulted in the economy losing AU$1.4 Billion, or around $1 Billion dollars.

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