Energy giant warns of ‘catastrophic damage’ if government bans payment of cyber ransoms

A government-imposed ban on companies paying cyber ransoms to hackers could cause “catastrophic damage” and even lead to the loss of Australian lives, the nation’s biggest energy producer has warned.

AGL Energy, whose board was recently reshuffled by Atlassian billionaire Mike Cannon-Brookes, described ransom bans as a dangerous double-edged sword.

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Source: 9News