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ARTICLE · 28 JUNE 2021

Market Intelligence Thought Leadership Award Winner

Australian Government acknowledges impact of Ransomware

Gilchrist Connell
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A Ransomware Prevention and Protection Guide, and an Emergency Response Guide have been published for defence by the ACSC.

AustraliaTechnology
Nitesh Patel
Nitesh Patel
Linda Zeng
Linda Zeng
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The Department of Defence Assistant Minister, Hon Andrew Hastie MP, released a statement on 15 June 2021 acknowledging the ongoing barrage of ransomware impacting businesses across multiple sectors of the economy and outlined steps government agencies are taking to fight back.

We have seen a significant influx in ransomware attacks in 2021, which builds on the influx of attacks in 2020. According to research by Cybersecurity Ventures (accessible here), it is expected that, in 2021, a business will suffer a ransomware attack every 11 seconds. As threat actor operations become increasingly sophisticated, the impact of ransomware attacks is becoming more severe. Significant ransom payments have been on the rise.

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