Connect with us

News

Paying the Ransom Doubles Cost of Recovering from a Ransomware Attack, says Sophos

Published

on

Cybersecurity by Sophos

BY: Nmerichukwu Igweamaka

o   Global survey shows the average cost of recovery is $1.4 million if organizations pay the ransom, $730,000 if they don’t

o   SophosLabs reports on Maze ransomware techniques that increase pressure to pay

o   53% of the organizations surveyed in Nigeria witnessed a significant ransomware attack in the last 12 months

A global leader in next-generation cybersecurity, Sophos, has announced the findings of its global survey, The State of Ransomware 2020, which reveals that paying cybercriminals to restore data encrypted during a ransomware attack is not an easy and inexpensive path to recovery. In fact, the total cost of recovery almost doubles when organizations pay a ransom. 

The survey polled 5,000 IT decision makers in organizations in 26 countries across six continents, including Europe, the Americas, Asia-Pacific and central Asia, the Middle East, and Africa.

More than half (51%) of organizations had experienced a significant ransomware attack in the previous 12 months, compared to 54% in 2017

In Nigeria, 53% of the organizations surveyed mentioned a ransomware attack in the last one year. Globally Data was encrypted in nearly three quarters (73%) of attacks that successfully breached an organization, while in Nigeria, it was 74%.

The average cost of addressing the impact of such an attack, including business downtime, lost orders, operational costs, and more, but not including the ransom, was more than $730,000.

This average cost rose to $1.4 million, almost twice as much, when organizations paid the ransom. More than one quarter (27%) of organizations hit by ransomware admitted paying the ransom. 

The survey also revealed 38% of the organizations that were attacked in Nigeria admitted to paying the ransom.

“Organizations may feel intense pressure to pay the ransom to avoid damaging downtime. On the face of it, paying the ransom appears to be an effective way of getting data restored, but this is illusory. Sophos’ findings show that paying the ransom makes little difference to the recovery burden in terms of time and cost.

This could be because it is unlikely that a single magical decryption key is all that’s needed to recover. Often, the attackers may share several keys and using them to restore data may be a complex and time-consuming affair,” said Chester Wisniewski, principal research scientist, Sophos.

More than half (56%) the IT managers surveyed were able to recover their data from backups without paying the ransom compared to 44% in the Nigeria. Globally in a very small minority of cases (1%), paying the ransom did not lead to the recovery of data while in Nigeria it was in 10% of cases. 

This figure rose to 5% for public sector organizations. In fact, 13% of the public sector organizations surveyed never managed to restore their encrypted data, compared to 6% overall.

However, contrary to popular belief, the public sector was least affected by ransomware, with just 45% of the organizations surveyed in this category saying they were hit by a significant attack in the previous year.

At a global level, media, leisure and entertainment businesses in the private sector were most affected by ransomware, with 60% of respondents reporting attacks.

Attackers increase pressure to pay

SophosLabs researchers have published a new report, Maze Ransomware: Extorting Victims for 1 Year and Counting, which looks at the tools, techniques and procedures used by this advanced threat that combines data encryption with information theft and the threat of exposure.

This approach, which Sophos researchers have also observed being adopted by other ransomware families, like LockBit, is designed to increase pressure on the victim to pay the ransom.

The new Sophos report will help security professionals better understand and anticipate the evolving behaviors of ransomware attackers and protect their organizations.

“An effective backup system that enables organizations to restore encrypted data without paying the attackers is business critical, but there are other important elements to consider if a company is to be truly resilient to ransomware,” added Wisniewski. “Advanced adversaries like the operators behind the Maze ransomware don’t just encrypt files, they steal data for possible exposure or extortion purposes. We’ve recently reported on LockBit using this tactic. Some attackers also attempt to delete or otherwise sabotage backups to make it harder for victims to recover data and increase pressure on them to pay. The way to address these malicious maneuvers is to keep backups offline, and use effective, multi-layered security solutions that detect and block attacks at different stages.”

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

News

70% of Christians killed in 2024 are African – Group

ORJI ISRAEL reports that the group accused ANC of maintaining silence on religious persecution, while deepening ties with ideological extremists in Tehran

Published

on

70% of Christians killed in 2024 are African gettyimages
Women crying during killings in Benue State, Nigeria

Recent reports indicate that over 4,400 Christians were murdered for their faith last year, while over the past decade, jihadist violence has driven 16 million Christians from their homes, millions of which are African citizens.

This is according to global Christian charity, Open Doors, which also confirms that for every five Christians, one will face persecution in Africa specifically.

Open Doors’ 2025 World Watch List reveals the top 10 most dangerous countries for Christians are dominated by Islamic states in the Middle East and Africa, including Afghanistan, Pakistan, Iran, Yemen, Sudan, Somalia, Libya, and Nigeria. A more detailed UK Parliament briefing recently noted that 70% of Christians killed in 2024 were indeed in Africa. 

Over the last six months, the brutality against Christians in Africa has escalated to alarming levels, with a series of devastating attacks across the continent. Just last month, ISIL-affiliated rebels stormed a Catholic church in Komanda, DRC, murdering close to 50 worshippers, including women and children. That same month in Mozambique, Islamic State fighters captured and beheaded six Christians from Natocua village, just across South Africa’s border. A month earlier, in June 2025, armed militants in Nigeria massacred nearly 200 Christian civilians in Yelwata village. 

“What we are witnessing is not random violence or isolated attacks. It is a deliberate, coordinated campaign by jihadist networks to wipe Christianity from vast regions of Africa and the Middle East,” says SAFI spokesperson, Bafana Modise. “These acts of terror are the early stages of a genocide against Christians, and history will record who spoke out and who shamefully looked away. Tragically, the ANC has chosen the latter.”

This silence is even more damning in light of last week’s news that South Africa’s military chief, Gen. Rudzani Maphwanya, met with Iranian Maj. Gen. Amir Hatami in Tehran to discuss deepening military and strategic ties, when Iran remains one of the world’s most notorious persecutors of Christians.

A recent report by the Middle East Africa Research Institute (MEARI) warned that Pretoria’s deepening ties with Tehran has compromised South Africa’s democratic foundations by defending Iran at the UN and IAEA, downplaying its human rights abuses, and potentially benefitting from covert support, including speculation around the ANC’s repayment of a multi-million-rand debt shortly after filing the ICJ case against Israel.

“These atrocities are not just crimes against individuals; they are part of a war against the freedom of religion itself,” Modise warns. “This is religious genocide, and it is gaining momentum as it edges closer to South Africa’s borders.”

Instead of defending religious freedom, the ANC government has remained silent. It has issued no meaningful condemnation or rallying call to protect persecuted Christians: “The ANC has done nothing to defend the rights of Christians,” says Modise. “Instead, it has squandered South Africa’s moral standing on discredited genocide charges against Israel – the one country in the Middle East where Christians live in safety and equality.”

This betrayal is even more unforgivable in a nation where 80% of South Africans identify as Christian. Freedom of religion is a fundamental human right, but the ANC, once the global champion of human rights, has made its bed with regimes and groups that have used Islamic law to suppress and destroy those freedoms.

“The ANC’s alliances make it clear: they have abandoned South Africa’s Christians, choosing friendship with the very forces driving this campaign of genocide,” Modise concludes. “Silence in the face of such evil is complicity, and the ANC is guilty of both. They have aligned themselves with Jihadist Islamic ideology, without further thought.”

We call on every pastor, every congregation, and every believer to demand that the ANC account for its indifference and betrayal. The blood of persecuted Christians cries out from across the African continent. If South Africa will not stand with them now, the day may come when their fate becomes our own.

Continue Reading

News

Government Should Support Media with Tax Incentives, Relief on Import Duties – Soneye

….Media Sustainability: Soneye Advocates Tax Reliefs, Independent Fund for Journalism

Published

on

Femi Soneye
Femi Soneye

Former Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Femi Soneye, has called on the Federal Government to support the Nigerian media with targeted incentives, including tax reliefs and import duty waivers on essential media tools.

Soneye made the appeal in Abuja on Tuesday after receiving the NUJ FCT Excellence in Corporate Communications Award, conferred on him by the Nigerian Union of Journalists (NUJ), FCT Council.

The NUJ leadership, led by Chairperson Grace Ike, alongside the Deputy Chair, Secretary-General, and other executives, described Soneye as a consummate professional who has distinguished himself with tact and excellence in the communications field.

In his remarks, Soneye noted that while the Nigerian media remains one of the most vibrant in Africa, it continues to grapple with systemic challenges that weaken its effectiveness.

“The Nigerian media remains one of the most vibrant in Africa, but it also faces systemic challenges, financial, political, legal, and technological that weaken its effectiveness. The government can play a supportive role by granting tax incentives or relief on import duties for newsprint, broadcast equipment, and digital infrastructure,” he said.

He also urged the Federal Government to establish an independent media development fund to support investigative journalism, community radio, and newsroom innovation, drawing parallels with models in South Africa, the United States, and Canada.

The award underscores Soneye’s long-standing contributions to journalism and corporate communications, as well as his advocacy for a stronger, independent, and sustainable Nigerian media.

Continue Reading

News

Lagos NIPR elects new executives

Reporter: Sandra Ani

Published

on

Members of the newly elected executive of Lagos State Chapter NIPR
Members of the newly elected executive of Lagos State Chapter NIPR

… GFD Executive Director emerges chapter Vice Chairperson* 

The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) has elected a new executive council at the close of its flagship Lagos PR Fest 2025, reinforcing its commitment to professionalism, innovation, and societal impact.

In elections supervised by NIPR Registrar, Chief Uzoma Onyegbadue, Samuel Ayetutu emerged as Chairman, while Eniola Mayowa was elected Vice Chairman in a closely contested race.

Other members of the executive include Secretary Samuel Adeyemi, Assistant Secretary Rita Ali-Nock, Public Relations Officer Ogochukwu Okeke, Financial Secretary Bassey Nta, Treasurer Olabamiji Adeleye, Welfare Officer Funmilola Akintola, and Ex-Officio Provost Marshal Quadri Adeleke.

In his acceptance remarks, Ayetutu pledged to drive professional standards, promote inclusiveness, and foster collaboration among members to enhance the chapter’s influence locally and nationally.

This year’s PR Fest, themed “Urban Farming for Food Security: The Role of Communication”, convened communication professionals, policymakers, and stakeholders to explore innovative strategies for tackling food security through effective public engagement.

Over the years, the Lagos PR Fest has evolved into a leading platform for advancing the role of public relations in societal development, with the 2025 edition underscoring the Institute’s mission to position communication as a driver of sustainable development in Nigeria.

Continue Reading

Trending