International cybersecurity company Performanta has uncovered a disturbing trend in the world of digital attacks. The company’s analysis reveals that malicious attacks by state actors are increasingly being displaced to developing countries. Organizations in these developing nations are becoming prime targets for attacks using extortion software as a service (RAAS), such as the notorious Medusa.
Guy Golan, CEO of Performanta, has emphasized the significance of this shift, particularly noting the BRICS countries and the African continent as hotspots for cyber threats. He stresses the need to raise awareness about this growing menace in order to create a safer cyber environment for global organizations.
Performanta’s study delves deeper into how attackers are exploiting Africa, posing a serious threat to the region. In South Africa, the report reveals that highly skilled hackers are the primary perpetrators of cyber attacks, with key industries like finance, manufacturing, and energy bearing the brunt of these assaults.
The company’s report also highlights a sharp rise in attacks involving financial and banking trojans, with Kenya experiencing a 59% increase and Nigeria facing a 32% surge in the last quarter alone.
Golan further commented on the situation, stating, “Attackers may view Africa as a less risky target compared to direct hits on Western entities. Africa could potentially serve as a gateway for launching attacks with the aim of indirectly destabilizing Western assets. Both Western nations and African countries must collaborate on long-term strategies to fortify defenses against this looming threat.”