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Australian organisations are quietly paying hackers millions in a ‘tsunami of cyber crime’ – ABC News

The frequency of attacks and the size of ransoms being demanded increases significantly, with estimates of over $55 million paid…

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It’s an open secret within the tight-lipped world of cybersecurity.
For years, Australian organisations have been quietly paying millions in ransoms to hackers who have stolen or encrypted their data.
Key points:

  • One-third of Australian organisations hit…

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