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AAP
AAP
Jennifer Dudley-Nicholson

More Australian firms are panicking and paying ransoms

Almost two in three Australian firms expect to be attacked online within the year, a study found. (Dave Hunt/AAP PHOTOS)

Australian businesses are among the most likely to pay a ransom to retrieve or protect stolen information, with more than half admitting they have given money to online criminals.

The trend emerged despite mandatory ransomware payment reporting laws, and even though many companies considered themselves prepared to weather online attacks.

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