How to Recover from Ransomware
African Bank Warns of Data Breach After Partner Struck by Ransomware
Image sourced from Redefine. South African retail bank African Bank has confirmed that one of its debt recovery partners, Debt-IN, was targeted by a ransomware attack in April 2021. At that time, advice from security experts concluded that there was no evidence that the attack had resulted in a data breach, however now BusinessTech reports that Debt-IN has become aware that personal data of certain customers, including a number of African Bank Loan customers who had been under debt review at the time, has been compromised by the threat actors. In response, African Bank says that it is confident that no data shared after the 1 April attack has been compromised. “A robust mitigation plan has been implemented by Debt-IN to contain and reduce any further adverse impact,” the lender said. “We h...
How to Successfully Recover from a Ransomware Attack
Sourced from Kaspersky South Africa is an attractive target for cybercriminals for a number of reasons, and the last few years have seen a sharp rise in high-profile ransomware attacks. One of the key motivations driving this volume of attacks is the fact that data is a de facto currency and an extremely valuable commodity on the black market. While backup is a critical component of data protection, when this backup is also encrypted by malicious software, companies are often left with few options other than to pay the ransom. Therefore, an effective Cyber Recovery strategy, which enables businesses to get back up and running without having to give in to criminal demands, is the key. Ransomware on the Rise The rapid adoption of digital transformation, Artificial Intelligence (AI) and the I...
