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Ransomware Attack Targets South Africa's Land Bank for Bitcoin Extortion
First seen 7 Mar 2026, 16:10 UTC
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The Land Bank of South Africa experienced a ransomware attack where hackers demanded R5.67 million in Bitcoin. Finance Minister Enoch Godongwana confirmed the attack occurred in January, but the situation was resolved without any ransom payment.
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Timeline
2026-01-01
Land Bank detected unauthorized activity in its systems.
2026-01-10
Hackers demanded R5.67 million in Bitcoin.
2026-03-05
Minister Godongwana reported the incident to MPs.
2026-03-07
Mybroadband article published detailing the attack.