The prominent cyberspies of Australia are all set to acquire more capabilities in the matter of ransomware or similar cyber-attacks on significantly important infrastructure. The ASD (Australian Signals Directorate), a government agency having the charge of information security and cyber warfare, would be capable of regulating critical infrastructure such as banking systems, communications, and energy, as per the latest legislation released by the parliament. The legislation also considered grocery and health-cares businesses to come under the critical infrastructure’s definition, which imposes the latest positive obligations regarding security.
For having assistance from ASD operatives, the operators out of the influenced infrastructure need to report about the severe cyber incident. As per The Australian (a native newspaper in Australia), on 20th October, the presentation of the Critical Infrastructure bill’s draft will be given in the parliament. Karen Andrews, the Minister of Home Affairs, mentioned that the proposed actions would guarantee the security of fundamental services that the Aussies trust. She added that the latest security threats and cyber-attacks on the Critical Infrastructure, which targeted both the overseas as well as the Australians, make the implementation of the proposed reforms inevitable.
However, the collaboration between the international groups of the tech industry and that within Australia is in contradiction with the latest laws. If it is not significantly revised, there is a chance for the bill to develop an impracticable set of responsibilities along with creating troubles for the respective industry. This year, a series of ransomware attacks, such as the cyber-attack over Colonia Pipeline in the United States during May, pushed governments throughout the world to reconsider the vulnerabilities thereof concerning the role of cryptocurrency in such attacks.
In May, JBS (a meat processor in Australia) became a victim of a similar ransomware attack, and Australian lawmakers were pushed to make a serious strategy. The release of the latest Ransomware Action Plan during the previous week will permit the authorities of Australia to put a closure on the crypto transactions having links to cyber-crime without considering the country from which they were made. It has been disclosed by the Parliamentary Joint committee on Intelligence and Security that the danger of malevolent cyber activities and the weaknesses of cyber security have spiked in recent years, having approximately one-fourth of the reported incidents of cyber-security breaches has affected the organizations related to Critical Infrastructure.