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Source: Infosecurity Magazine

3 stories in the last 24h

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Most Firms Unable to Recover Quickly from Ransomware

Fenix24's first State of Recoverability report finds only 0.5% of 800+ ransomware clients neared 24-48 hour recovery targets, with identity failures central.

Drawing on 500+ ransomware recoveries, Fenix24 found only four of 800+ clients (0.5%) came close to their own 24-48 hour recovery targets, and none reached full operations for weeks. 99.2% lacked a documented identity recovery plan, Active Directory typically fell first, and 94% tied backup systems to the compromised directory. In 38% of engagements backups survived but could not carry recovery; storage ran short in 82% of cases and 95% lacked meaningful MFA on critical infrastructure consoles.

Infosecurity Magazine · 8h agoResearch

Black Axe Members Extradited to US Over Internet Fraud Claims

Five alleged Black Axe leaders were extradited from South Africa to the US over romance scam and money laundering charges.

Five Nigerian nationals who allegedly led Black Axe's Cape Town zone were extradited to the US on September 11 and appeared in federal court in Trenton, New Jersey on September 14. The superseding indictment alleges romance scams, advance-fee fraud, BEC, and money laundering via US bank accounts between 2011 and 2021, using social media, dating sites, and VoIP, with coercion via threats to distribute victims' intimate photos. Charges include wire fraud and money laundering conspiracy carrying up to 20 years each, plus aggravated identity theft for three defendants.

Infosecurity Magazine · 9h agoPolicy & legal

AI the Top Priority for New Spend as Cyber Budgets Flatline

IANS survey of 500 US CISOs finds AI is the top priority for net-new security budget even as overall cybersecurity budgets stay flat.

IANS's 2026 Security Budget Benchmark Report, based on interviews with 500 US security executives, found AI was the most popular focus for incremental budget, cited by 69% of respondents. Software now accounts for 35% of the security budget in 2026, up from 29% last year, nearly matching staff and compensation. Overall median budget growth remained flat, with 55% keeping budgets flat or making cuts, while 71% of VC-backed companies increased security budgets versus 52% of public companies. Most CISOs (69%) do not expect AI to cut headcount, and 81% anticipate it creating demand for new roles and skills.

Infosecurity Magazine · 10h agoIndustry