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The Citizen

Cybersecurity firm warns of ‘costly epidemic' as ransomware cripples SA firms

Bloemfontein-based cybersecurity firm Tanosec has issued a warning to South African businesses amid a 'dramatic surge' in ransomware demands and payments. The firm says this underscores a growing national security crisis. Bloemfontein Courant reports that, according to the Sophos State of Ransomware in South Africa Report 2025, the median ransom demanded in South Africa has increased significantly – from R2.9m in 2024 to R17m in 2025 – while median payments have also tripled, reaching R8m. The Sophos report also indicates that 60% of ransomware attacks in South Africa result in data encryption, a number that surpasses the global average. 'The numbers are alarming and serve as a stark wake-up call for every business operating in South Africa,' says Lawrence Lackey of Tanosec. 'Ransomware is no longer a distant threat; it's a present and costly epidemic that can cripple operations, tarnish reputations and impose immense financial and emotional strain on organisations and their employees.' The firm adds that compromised credentials, exploited vulnerabilities and malicious emails are the primary entry points for these sophisticated attacks. Beyond the ransom fee, the cost of an attack can be drastic, with an average recovery bill of R23m, alongside significant operational disruptions and reputational damage. Tanosec explains that only half of South African companies manage to recover within a week of a ransomware attack, indicating widespread unpreparedness. 'While the ransomware landscape is challenging, businesses can significantly reduce their risk with the right strategies and a trusted cybersecurity partner,' adds Lackey. As businesses grapple with the rising tide of sophisticated cyber threats like ransomware, individual consumers are also increasingly vulnerable to highly organised fraudsters. Investigative journalist Irma Green recently shared her own startling experience of being duped by a banking scam, highlighting how convincing these criminals can be – even to a seasoned professional. You can read her full account of how she was targeted and share your experiences here. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!