{"id":77378,"date":"2024-04-29T03:02:52","date_gmt":"2024-04-29T07:02:52","guid":{"rendered":"https:\/\/blog.cyberconservices.com\/?p=77378"},"modified":"2024-04-26T15:10:54","modified_gmt":"2024-04-26T19:10:54","slug":"hackers-are-carrying-out-ransomware-experiments-in-developing-countries","status":"publish","type":"post","link":"https:\/\/www.cyberconservices.com\/index.php\/2024\/04\/29\/hackers-are-carrying-out-ransomware-experiments-in-developing-countries\/","title":{"rendered":"Hackers are carrying out ransomware experiments in developing countries"},"content":{"rendered":"

By ELLESHEVA KISSIN<\/a> –\u00a0Cyber attackers are experimenting with their latest ransomware on businesses in Africa, Asia, and South America before targeting richer countries that have more sophisticated security methods.<\/p>\n

Hackers have adopted a \u201cstrategy\u201d of infiltrating systems in the developing world before moving to higher-value targets such as in North America and Europe, according to a report published on Wednesday by cyber security firm Performanta.<\/p>\n

\u201cAdversaries are using developing countries as a platform where they can test their malicious programs before the more resourceful countries are targeted,\u201d the company told Banking Risk and Regulation, a service from FT Specialist.<\/p>\n

Recent ransomware targets include a Senegalese bank, a financial services company in Chile, a tax firm in Colombia, and a government economic agency in Argentina, which were hit as part of gangs\u2019 dry runs in developing countries, the data showed.<\/p>\n

The research comes as cyber attacks have almost doubled since before the COVID-19 pandemic, exacerbated in the developing world by rapid digitization, good Internet networks, and \u201cinadequate\u201d protection, the IMF said this month.<\/p>\n

Reported losses from cyber incidents to businesses worldwide since 2020 had climbed to almost $28 billion, with billions of records stolen or compromised, the IMF said, adding that total costs were likely to be \u201csubstantially higher.\u201d<\/p>\n

The \u201cstaging ground\u201d tactic worked because businesses in those countries had \u201cless of an awareness of cyber security,\u201d said Nadir Izrael, chief technology officer at cyber security group Armis.\u00a0 \u00a0Read On:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By ELLESHEVA KISSIN –\u00a0Cyber attackers are experimenting with their latest ransomware on businesses in Africa, Asia, and South America before targeting richer countries that have more sophisticated security methods. Hackers have adopted a \u201cstrategy\u201d of infiltrating systems in the developing world before moving to higher-value targets such as in North America and Europe, according to […]<\/p>\n","protected":false},"author":1,"featured_media":77380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1281,1282,636],"tags":[1283],"class_list":["post-77378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity","category-cybersecurity-2","category-ransomware","tag-cybersecurity-ransomware"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t