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:
  • Monthly security awareness webinars for businesses
  • A NAB Security Podcast with expert speakers from NAB, industry, and government on current events and trends
  • Up to date security alerts on the latest threats
  • A Cyber Security Toolkit for businesses
  • Trials and discounts on anti-virus software at nab.com.au/software