Land Bank declines to confirm R50m ransom claim as cyber investigation continues
The Land and Agricultural Development Bank of South Africa (Land Bank) has declined to confirm or deny reports that cybercriminals demanded a R50 million ransom following a cybersecurity breach last month, saying it will not comment on alleged ransom demands while investigations are ongoing.
This comes after the Land Bank reported a “temporary disruption affecting certain internal IT systems” that occured on 12 January, after which it took offline the affected systems as a precautionary measure to protect its operations and information.
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