The Australian government has decided to postpone plans to implement a ban on ransom payments following a ransomware attack. The government says that a ban is still “inevitable,” but that it needs more time to prepare the country for the impact of such a ban.
The government’s decision comes after a consultation process with industry earlier this year. The consultation found that a ban on ransom payments could have a significant impact on victims of cybercrime, companies, and insurers. The government has said that it needs more time to address these concerns before implementing a ban.
The government has also said that it needs to improve its ability to investigate and prosecute cybercrime. The government’s new cyber security strategy includes plans to increase the resources of the Australian Federal Police and to develop a system of support for companies that are undergoing cyber attacks.
The government has said that it will revisit the issue of a ransom payment ban after two years.