Another state entity hit by ransomware attackers
The International Trade Administration Commission explains why it delayed notifying the public of the attack for almost four months.
A cyberattack not only removed his account from his tax practitioner’s profile but also led to an erroneous VAT refund being paid back to SARS.
Read moreThe International Trade Administration Commission explains why it delayed notifying the public of the attack for almost four months.
LockBit, the cybercriminal group allegedly responsible for the attack, was the subject of a take-down operation by global law enforcement agencies.
The commission urges clients to monitor transactions on their credit cards.
The loss equated to more than 20% of the company’s annual profit, based on the exchange rate at the time of the incident.
The 13th Allianz Risk Barometer reveals that deepfake video technology, aimed at facilitating phishing scams, is now readily available online, priced as low as R377 a minute.