Chinese cyber crime tool acquired by Russian ransomware gangs
WithSecure™ report documenting the movement of SILKLOADER from China to Russia highlights implications of cooperation among threat actors.
Helsinki, Finland – March 15, 2023: The cyber crime industry allows threat actors to share tradecraft with one another, driving growth in the number and capabilities of threats. A new report from WithSecure™ (formerly known as F-Secure business) illustrates this dynamic by documenting the migration of the “SILKLOADER” cyber attack tool from Chinese cyber criminals to Russian ransomware gangs.
TransUnion SA in $15m hacker group ransom battle
The credit Bureau TransUnion South Africa is currently in an ongoing battle with a hacker group that is demanding a $15m (R223m) ransom over four terabytes of compromised data, ITWeb reported recently.
“The hacker group, going by the name N4aughtysecTU, which claims to hail from Brazil, is alleging it breached TransUnion and accessed 54 million personal records of South Africans. TransUnion has confirmed that a criminal third-party obtained access to its South African server through misuse of an authorised client’s credentials.”
South Africa lost R58m due to data breaches last year
According to a recent release published by IOL, it has been revealed that South Africa appears in 9th place from research into lost money from data breaches with an average data breach cost of R58 million in 2021.
Cybercrime in SA costing R2.2 billion annually
According to a recent article by IOL, South Africa is ranked number six in the world in terms of cybercrime density and the cost of cybercrime in SA is R2.2 billion annually.