28 May Sri Lanka CERT Reports Sharp Rise In Phishing And Ransomware Incidents
This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – May. 28, 2026
– Read the full story in Daily Mirror
Hilmy Cader warns that the intensity and sophistication of cybercrime, now supercharged by the pervasive use of Generative AI, is overwhelming governments, enterprises and consumers worldwide.
“Cybersecurity must be treated as a strategic emergency,” says Cader, CEO at MTI Consulting, an international strategy consultancy with offices in Africa, Australia, England, Bahrain, Canada, and Sri Lanka.
Cybersecurity Ventures predicted that global cybercrime costs would reach $ 10.5 trillion USD annually by 2025 — making it the world’s third-largest economy, if measured by GDP. This staggering figure underscores the scale of the threat and the need for immediate action.
Sri Lanka, an island country lying in the Indian Ocean with a population of around 22 million, is not immune.
The Sri Lanka Computer Emergency Readiness Team continues to report a sharp rise in phishing and ransomware incidents. As Sri Lanka accelerates digital adoption in banking, e-commerce and government services, the risks of cybercrime grow exponentially.
The Morning reports that local experts warn weak governance and poor awareness are leaving State systems exposed and that Business Email Compromise (BEC) is also on the rise.
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