[Cyber Security Terms](/glossary) Ransomware Action Plan [Blog](/blog)[Breaches](/breaches)[Resources](/resources)[News](/news) [Cyber Security Terms](/glossary) # Ransomware Action Plan ##### [Edward Kost](/team/edward-kost) updated Oct 20, 2021 ###### Contents ## What is the Australian Ransomware Action Plan? Australia’s Ransomware Action Plan outlines the Australian Government’s commitment to responding to the growing threat of ransomware attacks. The primary objective of the Action Plan is to stop ransom payments fueling the ransomware business model.  This is to be achieved through a series of legislative reforms including: * Mandatory ransomware attack reporting for Australian businesses. * Stand-alone offensive for cyber criminals planning to target critical infrastructures. * The criminalization of malware distribution for cybercrime. In total, there are 11 initiatives to the Ransomware Action plan. For a thorough explanation of the action plan and its impact on Australian businesses, [refer to this post](https://www.upguard.com/blog/explanation-of-australias-ransomware-action-plan). ## Key takeaways * The Ransomware Action Plan introduced mandatory victim reporting for Australian businesses with annual turnovers of more than A$10m. * The Ransomware Action Plan address the three primary pillars supporting ransomware success - ransom payments, Critical Infrastructure vulnerabilities, and Criminal Operation Expansion. * Ransomware attacks and data breaches will share the same reporting channels under the Notifiable Data Breach (NDB) scheme. * * ###### Reviewed by No items found. ###### Author ##### [Edward Kost](/team/edward-kost) ###### Reviewed by ##### [Kaushik Sen](/team/kaushik-sen) ###### Join 27,000+ cybersecurity newsletter subscribers ## Read more about Australia's Ransomware Action Plan Learn more about Ransomware Action Plan and the latest issues in cybersecurity. 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