A survey finds that 83% of ransomware victims paid some or all of the ransom demanded by cyber criminals, says Arctic Wolf’s Jason Oehley.
This is according to Jason Oehley , regional sales director at cyber security firm Arctic Wolf , speaking yesterday at ITWeb Security Summit 2024., based on a global survey the company commissioned from Sapio Research of over 1 000 senior IT and cyber security decision-makers from over 15 countries.
“I can tell you that in South Africa, it’s a lot less. We’ve had some incidences in South Africa where the threat actors have actually exposed the companies after the breach. We are starting to see a different trend – 45% of the organisations that we spoke to admitted to being a victim of a ransomware attack within the last 12 months.”
Oehley also noted that 70% of the organisations that purchased an incident response retainer for their network acknowledged experiencing an incident that required them to utilise their retainer in the past 12 months. Across the continent of Africa, he said, the most prominent ransomware group was LockBit, a cyber criminal group proposing ransomware-as-a-service. “We have had a lot of customers in South Africa who were affected by this.”
Itweb Security Summit 2024 Jason Oehley Arctic Wolf Ransomware Data Breach Business E-Mail Compromise
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