Australian Minister slams government for failing to handle flood of ransomware

According to Cointelegraph, on February 24th, Tim Watts, assistant minister of cyber security for the Australian Shadow Cabinet, published an article criticizing the government for its improper handling of the 2019 “ransomware flood”. According to New Zealand cybersecurity company Emsisoft, there were 2,874 ransomware attacks against Australia's public and private sectors, which cost the country's economy about $ 1.08 billion in 2019. Watts criticized the Morrison government for abolishing the ministerial position directly responsible for cybersecurity. It is reported that on February 25, the Australian Cyber ​​Security Centre (ACSC) stated that an Australian bank was being threatened by a hacker group that said it would conduct a DoS attack unless a certain amount of Monero cryptocurrency was paid.