ransomware attacks
How a Data Breach Can Impact a Business Even Years After
Image sourced from Forbes. Modern enterprises face an onslaught of cyberattacks from many quarters and must not only be prepared to contend with the direct costs of potential breaches but also with spiralling indirect costs, such as compliance fines and reputational damage. As the threat landscape continues to evolve, so do the frequency and sophistication of attacks, with companies facing anything from denial of service attacks and phishing attempts to payment card skimming, identity theft, and account takeover threats. At the same time, ransomware attacks have gained prominence over the last few years, forcing companies to continually test their data protection plans to understand the risks associated with having sensitive data released to the public. In its State of Ransomware 2021 repo...
Sophos Webinar: Navigating the Cybersecurity Triple Threat
As we move into 2022, ransomware shows no signs of slowing down – that’s no surprise. What we have seen in the past 18 months, however, is a shift in tactics: targets have shifted to ever-larger organizations, and the business model that dictates how ransomware attacks occur has evolved. It’s up to IT professionals to proactively deal with these trends to meet the challenges already on the horizon and beyond. Sophos and IT News Africa have collaborated to host a free webinar on 29 June 2022 to discuss the varied methods cyber attackers use to penetrate the networks of an entire organization. The webinar will review how Sophos’ EDR and MTR can help organizations detect these invasions before they escalate and, ultimately, eliminate the threat. It will also look at threat response, and why i...
Ransomware Attacks: 4 Steps to Protect Your Data
Ransomware attacks are on the rise, and the pay-out for a successful breach is growing as data becomes more and more valuable. The potential of falling victim to ransomware is escalating, and such an occurrence could end up costing billions in downtime and recovery. As we become more firmly entrenched in the cloud, it is imperative to evaluate not only the measures that have been put into place to prevent an attack but also the tools and protocols that have been implemented to help a business recover. Given the current economic climate and threat landscape, a successful ransomware attack is a strong possibility – is your backup strategy in a position to help or hinder the recovery? A proactive strategy for data One thing that has become clear is that businesses need a strategy, and a less ...
Ransomware Attacks: 4 Steps to Protect Your Data
Ransomware attacks are on the rise, and the pay-out for a successful breach is growing as data becomes more and more valuable. The potential of falling victim to ransomware is escalating, and such an occurrence could end up costing billions in downtime and recovery. As we become more firmly entrenched in the cloud, it is imperative to evaluate not only the measures that have been put into place to prevent an attack but also the tools and protocols that have been implemented to help a business recover. Given the current economic climate and threat landscape, a successful ransomware attack is a strong possibility – is your backup strategy in a position to help or hinder the recovery? A proactive strategy for data One thing that has become clear is that businesses need a strategy, and a less ...
Ransomware: The Threat that Lies in Wait
There can be no doubt that ransomware attacks are on the rise across the globe. A simple online search will reveal thousands of statistics in this regard, and South Africa is no exception. What is also clear from numerous examples of successful breaches, is the potentially devastating effect of a ransomware attack, which can cripple a business and shut down essential services for extended periods, not to mention cost a fortune to recover from. They are, in fact, legitimate business disasters, and need to be considered as such when it comes to disaster recovery and business continuity planning. Under Siege There is no shortage of high-profile examples of ransomware attacks in South Africa over the past two years, from Johannesburg City Power to the Life Healthcare hospital group, Transnet P...
Ransomware Attacks Grew 1070% Since Last Year According to Fortinet
Image sourced from Feed Navigator. Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions, today unveiled the 2021 Global State of Ransomware Report. The survey reveals most organizations are more concerned about ransomware than other cyber threats, it also reveals that ransomware grew 1070% year over year from 2020. “According to a recent FortiGuard Labs Global Threat Landscape report, ransomware grew 1070% year over year. Unsurprisingly, organizations cited the evolving threat landscape as one of the top challenges in preventing ransomware attacks,” says John Maddison, EVP of Products and CMO at Fortinet. “The high amount of attacks demonstrates the urgency for organizations to ensure their security addresses the latest ransomware attack techniques across n...
How to Prevent Further CyberAttacks on Businesses & Government Departments
Image sourced from Finance Times. The recent ransomware attacks on the Department of Justice and Constitutional Development (DoJ) and the South African National Space Agency (Sansa) is a testament to the sophistication and aggressiveness of cybercrime in South Africa. In response to these attacks, organisations need to devise a preventative plan of action. “With South Africa having the third-highest number of cybercrime victims worldwide, and the biggest threat being ransomware, businesses are prone to being victims of ransomware traps unknowingly. In such cases, cyber-criminals pose as credible agencies with the intent of luring organisations to their demise,” says Maeson Maherry, CEO and co-founder of LAWtrust. What are Ransomware Attacks? Ransomware attacks are cyberattacks where a cybe...
3 Trends to Understand the Evolving Cybersecurity Landscape
Image sourced from Feed Navigator. Given the global disruption that took place last year, it is hardly surprising that malware increased by 358% and ransomware by 435% as compared to 2019. The rapid push to digitalise and embrace work from home solutions meant companies not only had to accelerate data migration projects to the cloud but also remain cognizant of how best to secure employee endpoint devices while keeping the impact on productivity to a minimum. What makes the likes of malware and ransomware so difficult to combat is that successful attacks on corporate networks and endpoint devices can potentially remain hidden for months giving the hacker access to a veritable treasure trove of information. Attackers can encrypt this compromised data at any time, resulting in significant da...
Preventing Ransomware Attacks: Top 9 Things to Keep in Mind
Sourced from Kaspersky Ransomware attacks have become a massive problem for almost every industry and every organization size. Recently, South Africa’s port authority Transnet was struck by a massive ransomware attack that left the country’s ports crippled for nearly a week. What is a Ransomware Attack? Ransomware is a specific type of malware that holds data hostage in exchange for a ransom. As an attack methodology, it has the potential to cause severe damage. Phishing emails are a common delivery method, but ransomware can also be spread through drive-by downloading, which is when a user visits a website that’s infected. Advanced attacks take seconds to compromise endpoints, and ransomware attacks take seconds to damage your systems and infrastruc...
Transnet Declares ‘Force Majeure’ After Crippling Cyber Attack
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Joe Biden pointedly asks Vladimir Putin about cyberattacks at summit
U.S. President Joe Biden asked Russian President Vladimir Putin on Wednesday how he would feel if someone carried out a ransomware attack on Russian oil pipelines, a pointed question during their summit that illustrated the breadth of their disagreements. The query referred to a cyberattack that closed the Colonial Pipeline Co system for several days in May, preventing millions of barrels of gasoline, diesel and jet fuel from flowing to the U.S. East Coast from the Gulf Coast. Both leaders described their first summit in a lakeside Swiss villa as professional, rather than friendly, and said they agreed to hold lower-level talks on cybersecurity and arms control and to send their ambassadors back to their capitals. But there was no hiding their differences on issues such as human rights, wh...
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