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Cybercrime is on the increase – and so are the amounts of ransom money

24 May 2021 7:02 PM
Tags:
The Money Show
Bruce Whitfield
Personal finance
cybersecurity
Kaspersky
cybercrime
ransomware
scamwatch
Atvance Intelligence
Steven Ambrose
Sophos

The Money Show’s Bruce Whitfield interviews Steven Ambrose, MD at Atvance Intelligence.

As cybercrime increases, so does the ransom money demanded by criminals.

About 42% of ransomware victims in South Africa paid a ransom in the hope of getting their data back, according to Kaspersky.

Nevertheless, only 8% of organisations that pay a ransom get their data back, according to security firm Sophos.

As cybercrime increases, so does the ransom money. © zerbor/123rf.com

The Money Show’s Bruce Whitfield interviewed Steven Ambrose, MD at Atvance Intelligence.

There’s no question. These ransomware attacks are increasing… They’re getting bolder; the demands are getting higher… increased enormously with remote work…

Steven Ambrose, MD - Atvance Intelligence

Crime has moved into this [online] realm. It will not stop…

Steven Ambrose, MD - Atvance Intelligence

It’s a cat and mouse game…

Steven Ambrose, MD - Atvance Intelligence

Listen to the interview in the audio below.




24 May 2021 7:02 PM
Tags:
The Money Show
Bruce Whitfield
Personal finance
cybersecurity
Kaspersky
cybercrime
ransomware
scamwatch
Atvance Intelligence
Steven Ambrose
Sophos

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