Should South Africa ban ransomware payments?

Should South Africa ban ransomware payments?

Richard Firth has paid a ransom and seen what it bought. Now the MIP Holdings CEO wants South Africa to outlaw such payments. “I think banning ransomware payments will be a powerful deterrent,” Firth told TechCentral on Tuesday. MIP, which supplies software to insurers, paid cybercrime group The Gentlemen a sum Firth described as “substantial”…

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NetApp and Elastio Announce Partnership to Deliver Defense-in-Depth Ransomware Resilience

NetApp and Elastio Announce Partnership to Deliver Defense-in-Depth Ransomware Resilience

NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Elastio are helping enterprises enhance their cyber resilience with a layered defense that extends from production storage into recovery data. Security teams must be ready to address threats at every layer of their technology stack, including ransomware that moved quietly through production before it was caught…

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MIP attackers rank fourth on ransomware leak sites, says Microsoft

Paying ransomware attackers is making companies more vulnerable

By paying ransomware, organisations are leaving themselves open to repeat attacks and long-term business disruption, according to Lloyd Timcke, regional director for Africa and Israel at cybersecurity firm Rubrik. At a cybersecurity event in Johannesburg last week, the company said attackers are increasingly exploiting identity systems such as Active Directory and cloud identity providers, allowing…

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