Business

Business: Cybercriminals change tack in SA, use more ransomware during lockdown

Last updated on September 11th, 2021 at 02:45 pm

Stay vigilant. Hackers will keep trying to capitalise on Covid-19, warns Maher Yamout, senior security researcher at global cyber security firm Kaspersky.

When many people suddenly had to work from home when the coronavirus pandemic lockdown started, the focus of hackers shifted from email attacks to online attacks, Kaspersky research shows.

The first coronavirus case was reported in South Africa on 5 March and the country went into lockdown on 27 March.

Between February and March, Kaspersky saw a shift in South Africa. There was a drop in volume of ransomware attacks to more specifically targeted ransomware ones. Most of the time in SA, ransomware is deployed by exploiting online servers or weak passwords.

So-called crypto mining, on the other hand, was big last year but not so common this year. Cyber criminals seem to have switched from crypto mining to focusing on ransomware.

“Whereas network attacks used to be through methods like phishing emails, they now scan the internet for South Africa looking for vulnerable servers exposed,” says Yamout.

At the same time, phishing emails and social engineering are still being used too and email threats in SA increased by 56% between April and May. Social engineering is where an individual is deceived into divulging confidential or personal information. Phishing is where a cyber-criminal pretends to be a legitimate institution sending an email.

Although it is hard to say exactly what the success rate of cyber attacks in SA is, Yamout estimates it could be up to 20%.

There is also more sharing of devices. For example, children could be using a parent’s work device to do homework during lockdown.

One of the big consequences for companies suffering a cyber breach is reputational damage, according to Dario Milo, who specialises in crisis and reputation management.

“Customers will think you play fast and loose with their sensitive information. It is critical to protect your reputation,” he explained.

(Fin24)

Albert Echetah

Recent Posts

Pastef party led by Ousmane Sonko wins historic election victory

Senegal's ruling Pastef party has won a resounding victory in the legislative elections, taking130 of the 165 seats in parliament,…

November 22, 2024

Famine Risk Reaches Critical Levels as FoodCrisis Deepens In Gaza

Gaza’s hunger crisis is not only statistic, but a set of narratives such as Yasmin Eid, amother of six, who…

November 22, 2024

Kenya Launches Official Probe intoUgandan Leader’s Alleged Kidnapping

The government of Kenya announced that it is looking into the suspected kidnapping ofKizza Besigye, a well-known opposition politician from…

November 22, 2024

At least 7 members of the Nigerian security forces are missing after insurgentsambushed their convoy

A team of 80 security agents tasked with protecting the electricity grid was ambushed onMonday in Shiroro, Niger State, by…

November 21, 2024

Cryptocurrency Gains Momentum inAfrica Amid Global Shifts in Trump’sElection

Cryptocurrency becomes the new thing in Africa. People shift for stable alternatives aftertheir unstable local currencies. Many people believe Donald…

November 21, 2024

UAE Delivers Lifeline: 30,000 Food BasketsBring Hope to Sudanese Refugees in Uganda

UAE has also distributed 30,000 food baskets to Sudanese refugees in Kiryandongo refugeecamp Uganda to benefit nearly 100,000 affected people.Aid…

November 21, 2024

This website uses cookies.