Following the revelations of the Medibank ransomware data breach, Australia’s cyber security minister is considering a law to make it illegal to pay ransoms.

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The healthcare cyber security market could hit $70.55 billion by 2030, according to Brainy Insights. Ongoing threats to the healthcare sector include malware and ransomware.

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Australian health insurance company Medibank has faced a ransomware attack which is threatening to leak 9.7 million customers’ information.

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Business owners are being warned to take cybersecurity more seriously amid a huge increase in attacks. With the uptick in data breaches and ransomware,

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London’s Hackney Council has been forced to pay an incredible £12 million after its online services and IT systems were hit by a cyber-attack.

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The personal data of 129,000 customers and 23 businesses was exposed in a 2020 cyber-attack on a telco company. Australia-based Optus revealed in September that 10 million customers had been exposed in a data breach – but it has since come to light that a further two attacks were made on its parent company,

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