SA firms hit with R17m ransomware recovery costs as attacks worsen
Nearly two-thirds of ransomware attacks against South African organisations resulted in data encryption over the past year, with victims spending an average of more than R17 million to recover, according to a new cybersecurity report.
Some 85% of South African organisations said their ransomware incident was also their most significant identity attack of the year, well above the global average of 67%.
The report, based on responses from 135 South African IT and cybersecurity leaders whose organisations were hit by ransomware in the past 12 months, found compromised credentials were the leading cause of attacks, accounting for 27% of incidents.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
