Following a recent cyber attack on Australian financial institution Latitude Financial, which resulted in a ransom demand, there are calls for the Australian government to ban the payment of cyber ransoms, usually demanded in cryptocurrency. Despite the Australian Cyber Security Centre recommending that victims of ransomware attacks never pay a ransom, there is no law prohibiting firms from doing so. The latest attack on Latitude has prompted many in the Australian tech industry to call for new rules to outlaw ransom payments, with some suggesting that it would act as a deterrent to further attacks. Cryptocurrency has long been accused of facilitating ransomware attacks, as attackers often demand payment in crypto to anonymize the funds and transfer them across borders. (Cointelegraph)