Reduce cyber attacks by making ‘ransomware’ payments illegal
As the main source of ransomware attacks is offshore, they
are unlikely to be stemmed by the threat of prosecution for making a ransom
demand. Offshore prosecution for such threats would be difficult to achieve in
the jurisdictions that most cyberattacks come from.
If the making of payments is banned, then company directors
and other individuals are less likely to pay a ransom. If they do pay a ransom,
then they become liable to prosecution.
By stemming the potential financial reward from ransomware
attacks the perpetrators are likely to look elsewhere for easier targets.
It’s time to tackle pork-barrelling, not factor it in (Prof George Williams)
“Legislation should set out the
criteria and process by which grant money will be allocated. It should also
provide for greater transparency over grant processes by mandating regular
reporting to parliament. Ministers should also tell parliament when they approve
a grant that has been found to be ineligible or unworthy of funding.
The rules must also come with penalties that make pork-barrelling illegal. A
minister who allocates public money by prioritising their personal interests
over those of the community should commit an offence. Together, these changes
would bring about a seismic shift in how ministers allocate grant funding. “
Director Identity Numbers to help prevent unlawful practices
New company directors from Monday will
have 28 days to sign up for a new lifelong identification number or face
penalties under a regulatory overhaul aimed at preventing unlawful practices
such as phoenixing.
Existing company directors will have until November next year to comply or face
fines or even criminal penalties. From April next year, any new appointee to a
board made under the Corporations Act will need to get their unique 15- digit
number before they start their roles, under new rules that form part of the
Commonwealth’s Modernising Business Registers (MBR) program.
The Australian 1/11/21