Ransomware attacks Archives - AfricaBusiness.com

By Ning Yun, Director of Data Storage Department of Huawei SAR (Huawei.com) Ransomware is striking at an alarming rate. Information technology research and consultancy company Gartner predicts, by 2025, at least 75% of IT organizations will face one or more attacks. Refined hacking tools and extortion strategies have made ransomware the biggest threat to individual, enterprise, and national data security. Constant ransomware attacks cause huge damage When ransomware strikes, it steals and encrypts valuable data. Encrypted data can be decrypted only by paying the hackers a ransom. Hackers, working through darknets, usually demand Bitcoin to make the payment as difficult as possible to trace. The damage ransomware creates is great, as are hackers' profits. According to...

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...

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