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The West became blase about data breaches. Now it’s paying the price

Source: afr.com afr.com
News Snapshot:

His visit comes after health fund Medibank earlier this week ruled out paying a ransom to stop criminals from releasing customer data of 9.7 million Australians. Medibank’s woes follow telecommunications company Optus’s data breach, which involved the personal information of 9.8 million customers, while a Woolworths subsidiary, MyDeal, had the details of 2.2 million customers stolen and sold online. Professor Martin said failing to stop breaches and ransomware attacks would have a cumulative effect and damage confidence in the digital economy. “If they’re haemorrhaging data all the time, or getting ransomed all the time, then that’s not going to help…

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