NAB welcomes Government’s Ransomware Action Plan

Share

Share

NAB has welcomed the release of the 2021 Ransomware Action Plan by the Australian Government today.

“NAB continues to play an active part in supporting the Federal Government in its efforts to protect Australians from cyber threats,” said Patrick Wright, NAB Group Executive Technology and Enterprise Operations.

“We know the cyber threat landscape is ever evolving and the volume of threats, including ransomware attacks, particularly on our business customers, continues to increase year on year. We’re pleased to see the measures introduced in the action plan for tougher penalties, in an effort to deter bad actors.

“Mandatory reporting of ransomware attacks will provide a more fulsome picture of the impact cyber-crime is having. Business and government cooperation is crucial to expand our knowledge and understanding of the threat landscape.

“We’re committed to help our business customers of all sizes combat ransomware and its effects.”

In addition to NAB’s support of the 2021 Ransomware Action Plan, NAB has:

  • Continued to invest in cyber security capabilities and strengthen system resilience to protect customers and communities from evolving threats;
  • Delivered 52 cyber training sessions to our small and medium business customers in FY21 (2093 attendees)
  • A number of resources available to customers and the broader community:

Customers, banking & finance

SEE ALL TOPICS

Related Articles

  • Scams

NAB expands payment alert technology to target invoice scams

NAB will expand its suspicious payment alerts to target invoice and romance scams as new insights reveal Australians are willing to let their bank know and share more information about them and their banking to protect them from criminals.

  • 22.03.2024
  • Time to read 4 min read
  • Small Business

Small businesses seek AI to reduce paperwork and increase profits

NAB Bookkeeper, NAB’s new bookkeeping tool utilises machine learning, a form of AI, to help reduce admin time for small businesses by up to five hours per week so they can focus on the bigger picture.

  • 18.03.2024
  • Time to read 2 min read

Quick links

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights .

NAB Security Podcast

For more insights about cyber security and fraud, and practical tips on how to stay safe, listen in to NAB’s Security Podcast series.

NAB tech blog

For more insights about technology and the digital developments enabling change for customers, visit the NAB tech blog on Medium.