March 12, 2025
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5min21
Sri Lanka is increasingly vulnerable to cyberattacks targeting businesses’ financial transactions, with 9,218 incidents of financial phishing detected in 2024 alone, according to the latest Kaspersky Security Bulletin. This figure highlights the growing sophistication of cybercriminals who are targeting businesses with deceptive online tactics designed to steal sensitive financial information. Financial phishing attacks, which involve […]

May 14, 2024
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6min20
Rate of Ransomware Attacks Falls Slightly, But Recovery Costs Hit $2.73 million Apr. 30, 2024 – Sophos, a global leader of innovative security solutions that defeat cyberattacks, today released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year. Organizations that paid the […]

December 21, 2022
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6min4
      In a world dominated by technology, we have seen rise in cyberattacks, both in terms of volume as well as complexity. The Sophos State of Ransomware 2022 revealed alarming findings that showed that 78% of surveyed organisations in India were hit by ransomware. In addition, more than 90% of Indian organisations that […]

April 18, 2022
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10min6
        Understanding the entire length of the attack chain and how vulnerabilities in each of its links can compromise the security of your network. By Rajesh Maurya, Regional Vice President, India & SAARC, Fortinet. Effectively defending against cyberattacks today requires security teams to work smarter rather than harder. Cybercriminal strategies target every […]

March 8, 2022

17min2
By Christopher Budd The current Russia-Ukraine crisis is unprecedented. One aspect of the current crisis is the very real concern around increased cyberattacks on an unprecedented scale. The concern is reasonable: there’s simply no way to know what’s going to happen next. And the concern stems not just from nation-state actors and their proxies: cybercriminals, […]


About us

Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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