Ransomware and extortion event: Decision-making guide and framework

Navigate mandatory ransomware reporting with confidence.

What’s covered?

Ransomware attacks are an escalating threat, demanding swift and strategic responses from senior executives and boards across Australia.

Understanding your organisation’s obligations and how to manage the associated risks is critical to protecting your business, reputation, and bottom line.

Our comprehensive guide equips you with the tools and insights needed to respond decisively to ransomware and extortion threats.

Understanding the role of risk management and insurance

Grounded in the latest regulatory frameworks and best practices, this resource is designed to help you navigate Australia’s mandatory ransomware reporting requirements from a risk management and insurance perspective.

Inside, you’ll find clear frameworks for rapid, risk-aware decision-making that balance legal clarity, operational readiness, and strategic flexibility. Learn how to:

  • Understand your compliance obligations under Australia’s evolving ransomware reporting laws.

  • Develop a flexible response strategy tailored to dynamic cyber incidents.

  • Integrate cyber insurance policies effectively to cover ransom payments, business interruptions, and response costs

  • Establish empowered incident response teams that avoid “death by committee” delays.

  • Engage expert advisors including cyber insurance brokers and crisis communicators to strengthen your defence posture.

Strategic positioning

Australia’s mandatory ransomware reporting positions your organisation among global cybersecurity leaders, but it also brings increased scrutiny of your cyber risk management practices.

This guide provides the practical, actionable insights you need to meet these challenges head-on and make informed decisions that protect your organisation.

Download

Download the guide today and take the first step toward building resilience against ransomware threats empowering your leadership with knowledge, clarity, and confidence (on the right for desktop and below for mobile).

Contents of this publication are provided for general information only. It is not intended to be interpreted as advice on which you should rely and may not necessarily be suitable for you. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Lockton arranges the insurance and is not the insurer. Any insurance cover is subject to the terms, conditions and exclusions of the policy. For full details refer to the specific policy wordings and/or Product Disclosure Statements available from Lockton on request.

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Ransomware and extortion event Decision-making guide and framework