Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Veekee James Shows Off Her Baby Bump in a Gorgeous Sheer Black Dress | See Photos

    March 12, 2026

    Schneider Electric appoints VP of secure power division

    March 12, 2026

    An interview with Jerry Goldman, founder of the Oyez Project

    March 12, 2026
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    • About Us
    • Privacy Policy
    • Terms Of Service
    • Advertisement
    Thursday, March 12
    Facebook X (Twitter) Instagram Pinterest Vimeo
    ABSA Africa TV
    • Breaking News
    • Africa News
    • World News
    • Editorial
    • Environ/Climate
    • More
      • Cameroon
      • Ambazonia
      • Politics
      • Culture
      • Travel
      • Sports
      • Technology
      • AfroSingles
    • Donate
    ABSLive
    ABSA Africa TV
    Home»Technology»Paying ransomware attackers is making companies more vulnerable
    Technology

    Paying ransomware attackers is making companies more vulnerable

    Chris AnuBy Chris AnuJanuary 26, 2026No Comments4 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Paying ransomware attackers is making companies more vulnerable
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link


    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 them to shut down entire businesses rather than only encrypting files.

    “Traditionally, organisations have focused on protecting data on-premises, but the environment has fundamentally changed,” Timcke told TechCentral in an interview. “Now you have cloud, applications, identity and unstructured data all converging. If you don’t protect that, you put your reputation and revenue at risk.

    The reputational damage was massive, the revenue damage was massive, the shareholder impact was massive

    “It’s the way organisations are being exploited,” he added, referring to identity-based ransomware. “They can’t take away the data; they can’t take away the ability to access the data. So, they just have to exploit your access to that data in the form of ransomware.”

    Data presented at the event showed that identity systems are one of the most exploited attack vectors, with 90% of organisations experiencing an identity-related security incident in the past 12 months. Some 50% were attacked using an identity management system like Active Directory.

    That increase comes despite global efforts to curb cybercrime. Rubrik data showed that cybersecurity spending has risen about 180% over the past decade, while ransomware victims increased by more than 120%.

    Repeat attacks

    One concerning development is businesses paying ransom demands to restore operations quickly, a move that often backfires. “Around 60% of organisations attacked have repeat attacks within six months; where you pay a ransom, they’re attacked somewhere else within six months, often by the same or related threat groups,” Timcke said.

    Ransomware is increasingly no longer confined to IT departments. High-profile attacks on retailers and manufacturers worldwide have shut down production lines, emptied store shelves and disrupted supply chains for weeks or months.

    Read: Atonomous AI agents emerge as the next major cybersecurity risk

    Timcke pointed to recent attacks on Marks & Spencer, where ransomware forced the company to halt online orders, disrupted in-store and contactless payments, and exposed some customer data.

    “The reputational damage was massive, the revenue damage was massive and the shareholder impact was massive,” he said. “This isn’t a textbook example; it affects customers like us directly now.”

    Slides shown during the Rubrik event listed major companies hit by cyberattacks, including Jaguar Land Rover, Harrods, the Co-op Group, M&S, Adidas, Victoria’s Secret and The North Face.

    ransomware

    Cybersecurity is now being taken to board-level oversight, Timcke said. “This is no longer an IT problem. It is a business problem.”

    Companies making headway treat cyber risk like any other business risk, passing decision-making to chief risk or operating officers rather than leaving it to technology teams alone.

    This shift is driving adoption of an “assume breach” strategy, where organisations act as if a cyberattack will happen and focus on recovering quickly rather than only trying to stop attacks.

    If you pay, expect potential data corruption, potential litigation, legal costs and a high potential of repeat attacks

    Mark Grant, go-to-market lead for Europe, the Middle East and Africa at Rubrik, also advised companies not to yield to extortion.

    He cited Colonial Pipeline, which paid several million dollars to attackers but still faced legal and regulatory problems for months. The American oil pipeline system that originates in Texas and carries gasoline and jet fuel to other parts of the US suffered a ransomware attack in 2021. It impacted the computerised equipment managing the pipeline.

    “If you pay, expect potential data corruption, potential litigation, legal costs and a high potential of repeat attacks,” warned Grant.  – © 2026 NewsCentral Media

    Get breaking news from TechCentral on WhatsApp. Sign up here.



    Source link

    Post Views: 95
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Chris Anu
    • Website

    Related Posts

    Schneider Electric appoints VP of secure power division

    March 12, 2026

    the reality of connecting rural Africa

    March 12, 2026

    ICASA council looks to fill four vacancies

    March 12, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Veekee James Shows Off Her Baby Bump in a Gorgeous Sheer Black Dress | See Photos

    March 12, 2026

    Did Paul Biya Actually Return to Cameroon on Monday? The Suspicion Behind the Footage

    October 23, 2024

    Surrender 1.9B CFA and Get Your D.O’: Pirates Tell Cameroon Gov’t

    October 23, 2024

    Ritual Goes Wrong: Man Dies After Father, Native Doctor Put Him in CoffinBy

    October 23, 2024
    Don't Miss

    Veekee James Shows Off Her Baby Bump in a Gorgeous Sheer Black Dress | See Photos

    By Prudence MakogeMarch 12, 2026

    Fashion designer Veekee James posing in a black sheer mesh gown that highlights her baby…

    Your Poster Your Poster

    Schneider Electric appoints VP of secure power division

    March 12, 2026

    An interview with Jerry Goldman, founder of the Oyez Project

    March 12, 2026

    Leopards brace for Cheetahs backlash

    March 12, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Sign up and get the latest breaking ABS Africa news before others get it.

    About Us
    About Us

    ABS TV, the first pan-African news channel broadcasting 24/7 from the diaspora, is a groundbreaking platform that bridges Africa with the rest of the world.

    We're accepting new partnerships right now.

    Address: 9894 Bissonette St, Houston TX. USA, 77036
    Contact: +1346-504-3666

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Veekee James Shows Off Her Baby Bump in a Gorgeous Sheer Black Dress | See Photos

    March 12, 2026

    Schneider Electric appoints VP of secure power division

    March 12, 2026

    An interview with Jerry Goldman, founder of the Oyez Project

    March 12, 2026
    Most Popular

    Veekee James Shows Off Her Baby Bump in a Gorgeous Sheer Black Dress | See Photos

    March 12, 2026

    Did Paul Biya Actually Return to Cameroon on Monday? The Suspicion Behind the Footage

    October 23, 2024

    Surrender 1.9B CFA and Get Your D.O’: Pirates Tell Cameroon Gov’t

    October 23, 2024
    Facebook X (Twitter) Instagram Pinterest YouTube
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms Of Service
    © 2026 Absa Africa TV. All right reserved by absafricatv.

    Type above and press Enter to search. Press Esc to cancel.