Australia's largest cyberattack on consumer lender Latitude Financial has sparked calls for a ban on paying cyber ransoms, usually demanded in cryptocurrency. The attack resulted in the theft of millions of driver's license numbers, customer records, passport numbers, and financial statements. The Australian Cyber Security Centre (ACSC) currently advises against paying ransoms, but there is no law prohibiting it. Cybersecurity experts and industry leaders are urging new rules to make ransom payments illegal, as cryptocurrency is often used to facilitate ransomware attacks due to its ability to anonymize funds.
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