New Australian ransomware plan allows for seizure of crypto

[Tnoy30]

Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation.
Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders.

The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports, these incursions cost the economy $AU1.4 billion (around $US1 billion).
Source: New Australian ransomware plan allows for seizure of crypto