Australia Eyes New Criminal Offenses, Tougher Penalties for Ransomware Attackers

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Hackers will face new criminal offenses and tougher penalties for ransomware attacks, according to The Australian.
The news follows an operation by the Australian Federal Police to curb a record increase in ransomware attacks in 2020, which reportedly cost the Australian economy AUD $1.4 billion (roughly USD $1 billion).
“Ransomware gangs have attacked businesses, individuals, and critical infrastructure right across the country,” reportedly said Karen Andrews, the home affairs minister. “Stealing and holding private and personal information for ransom costs victims time and money, interrupting lives and the operations of small business,” she added.
What will the new measures look like?
Andrews said the main target of these measures is to deter and punish cybercriminals.

“Our tough new laws will target this online criminality, and hit cybercrooks where it hurts most—their bank balances,” she said.
Per The Australian, the measures include offenses for individuals who seek

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