ransomware Archives - AfricaBusiness.com

28Aug

By Africa BusinessNo Comments

Tech

Armata Cyber Security releases an all-in-one cybersecurity bundle for comprehensive enterprise security protection

Organisations need robust cybersecurity measures to ensure business continuity The IoT era introduces a new level of risk and threat management The bundle provides comprehensive protection across multiple touchpoints within the organisation Armata Cyber Security has developed an all-in-one cybersecurity bundle - designed to provide organisations with a comprehensive layer of protection against malware and ransomware attacks. The solution includes robust security, insurance and warranty protection that’s easy to use, manage and integrate within the business. Providing exceptional security resilience to the organisation, the product is designed to mitigate user error while enhancing overall operational security. “You need to look at how malware accesses your environment if you want...

15Nov

By Africa BusinessNo Comments

Tech

The Hunter, not the Hunted: Redefining Security in the Age of Cyber-Threats

Bertus Engelbrecht, Senior Manager: Information Security at BCX, talks about the cybersecurity threat landscape in 2023 and how the rise of artificial intelligence, automation and intelligent threat actors is putting intense pressure on the organisation. Cybercrime remains one of the most persistent challenges facing the modern business. In September 2023 there have been seventy-one incidents and 3,808,687,191 compromised records. Globally, the total number of breached records for 2023 is currently sitting at more than 4.5 billion. According to Orange Cyberdefense Security Navigator 2023, the types of attacks are predominantly malware, social engineering, policy violations, system anomalies, and network and application anomalies. Ransomware remains one of the most common threats. Accordi...

22Feb

By Africa BusinessNo Comments

Tech

ESET Threat Report: Ransomware and password guessing top cybersecurity threats

Ransomware surpassed the worst expectations in 2021, with attacks against critical infrastructure, outrageous ransom demands and over USD 5 billion worth of potential bitcoin transactions in the first half of the year alone. RDP (Remote Desktop Protocol) attack numbers from the last weeks of T3 2021 broke all previous records, amounting to a staggering yearly growth of 897%. Android banking malware detections rose by 428% in 2021 compared to 2020. ProxyLogon vulnerability was the second most frequent external attack vector in ESET’s 2021 statistics, right after password-guessing attacks. Attacks exploiting the Log4Shell vulnerability were the fifth most common external intrusion vector in 2021. ESET Research has released its T3 Threat Report for the fourth quarter of 2021, s...

22Sep

By Africa BusinessNo Comments

South Africa News, Tech

You’re safe from ransomware – if you have R6.4bn lying around

Ransomware attacks have massively increased since the start of lockdown. Here’s what you need to know to protect your company. When hackers targeted Transnet’s computer systems in late July this year, logistics at major ports ground to a near-halt for the second time in a month (following the protests and looting) as the company was forced to switch to manual cargo processing. “The IT industry has seen a massive increase in ransomware attacks since the start of lockdown, when companies’ digital footprints increased as remote work became the norm,” says Marilyn Moodley, Country Leader for South Africa and WECA (West, East, Central Africa) at SoftwareONE. Problematically, many organisations unfortunately only realise too late that ransomware protection is a business issue and not an IT is...

2Jun

By Africa BusinessNo Comments

Tech

Cisco Talos Finds Nearly 70% of Ransomware Attacks Result from Cybercrime Tools Widely Available for Purchase

Known as ‘Commodity Trojans’, ransomware attacks often available on the Dark Web are effective against systems with patching and endpoint vulnerabilities. Between late 2020 and early 2021, actors targeted industries including education, healthcare, energy and utilities, government, and more. Cisco Talos Incidence Response has been responding to a growing number of incidents involving the Microsoft Exchange vulnerabilities from Hafnium and has engaged in several incident response engagements in which organizations unknowingly downloaded trojanized updates to the widely deployed SolarWinds. For the seventh quarter in a row, Cisco Talos Incident Response (CTIR) has observed ransomware dominating the threat landscape. The top variants between November 2020 and January 2021 were Ryuk and ...

1Mar

By Africa BusinessNo Comments

Tech

Sophos Publishes 3-Part Series on the Realities of Conti Ransomware

Research Details the Day-by-Day Unfolding of a Human-Operated Conti Attack Using Fileless Ransomware, Background on the Ransomware’s Behaviors, and Defender Advice In a new three-part series of articles, Sophos researchers and incident responders unveil what really happens when attackers break into an organization’s network with the intention of stealing data and launching a Conti ransomware attack. Conti is a human-operated “double extortion” ransomware. The attackers steal data from their targets before encrypting it, and then threaten to expose the stolen information on the “Conti News” site if the organization doesn’t pay the ransom. Sophos’ 24/7 incident response team, Sophos Rapid Response, was called in to contain, neutralize and investigate the incident, which unfolded over five ...

Cisco Reveals Top Cybersecurity Threats of 2020

10Feb

By Africa BusinessNo Comments

Tech

Cisco Reveals Top Cybersecurity Threats of 2020

Defending Against Critical Threats Report identifies migration to remote working and evolution of ransomware as key contributors towards diverse criminal activity Cisco has revealed the findings of its Defending Against Critical Threats Report, noting changes in criminal activity during 2020 and new methods of exploitation, arising as a result of the pandemic. During a year in which transitioning to digital infrastructures became essential for all, Cisco explores the ongoing complexity and evolution of cyber threats, to inform organizations and empower stronger decision-making. Increased Vulnerabilities with Remote Working Cisco Umbrella – a cloud-driven Secure Internet Gateway – examined traffic running through its DNS servers, identifying mid-March 2020 as a peak period of increased remo...