press release
London, UK. twenty fourth April 2024: Performanta, a multinational cybersecurity company specializing in helping businesses go beyond security and achieve cyber safety, uncovers trends in how developing countries are being targeted by nation-state actors. Did.
The company's analysis investigated the origins and characteristics of Medusa, a ransomware-as-a-service that targets organizations around the world. This pattern suggests that developing countries will be the first to experience trends with increasing impacts on developed countries. This means that ransomware activity is not completely random, and the strategy is to focus on organizations in developing countries as initial targets.
Guy Golan, CEO and Executive Chairman of Performanta, said: “Our analysis suggests that the BRICS countries, and the African continent in particular, have become a testing ground for nation-state attacks. We need to raise awareness of the growing problem. Only by understanding trends and patterns in geopolitical cyber warfare can we gain clarity on the global threat landscape.”
Performanta's research delves into exactly how threat actors are exploiting Africa and how much the region is under threat.
In South Africa, a 10-year study of the cyber threat landscape found that the most prevalent attackers are trained hackers, and the top three industries most likely to be targeted in South Africa are finance and manufacturing. , it turns out to be energy. This poses a serious problem, with each successful state-sponsored cyber attack costing an average of $1.6 million.
Performanta's report also reveals a significant increase in financial/banking Trojans, with a 59% increase in Kenya and 32% increase in Nigeria in a single quarter.
Golan continued: “The attackers are likely to perceive that attacking Africa poses less risk to them than attacking the West directly, and as a bridge to the Western world, their methods are It is likely to be trialled first in Africa and then rolled out across the developed world.” As an emerging economy, Africa may be a gateway for attackers seeking to indirectly access and disrupt Western assets. Whatever the reason, the West and Africa must undertake long-term cooperative efforts to build strong defenses against this threat. ”
With strong footholds in both South Africa and the UK, Performanta is uniquely positioned to bridge the gap between nations and build a cyber-secure defense against the nation's enemies.
For more information or to read Performanta's full report, Download from here.
About Performanta
Performanta is a multinational company specializing in cyber safety. Founded in 2010, we have grown to over 180 security professionals. We provide risk and resiliency consulting, managed detection and response, and continuous threat exposure management services with a human touch. Our focus extends beyond security management to the health of our customers. We work tirelessly with our clients to manage cybersecurity risks.
Performanta is a leading Microsoft solutions partner. Microsoft has selected us to join the Intelligent Security Association (MISA), a global group of 300 of the most experienced partners.
Performanta is authorized to design, develop, and operate security solutions for on-premises and cloud service users. We specialize in Managed Extended Detection & Response (MXDR), identity and access management, and threat protection.
We work with companies in a variety of industries that require cyber safety services. With offices in the UK, South Africa, North America and Continental Europe, our teams provide a global service with a local feel.
