Cyber Threat Intelligence
Today In Cyber Sponsor Today In Cyber
SM
Ransomware Victim Financial Services

Smith Capital

Ransomware attack by Monti Β· Disclosed August 26, 2024 Β· πŸ‡ΏπŸ‡¦ South Africa

smithcapital.co.za

Date Disclosed
Aug 26, 2024
2024
Threat Group
Monti
63 total victims
Country
πŸ‡ΏπŸ‡¦ South Africa
Industry
Financial Services

Incident Analysis

Smith Capital was targeted by Monti ransomware, one of the most active ransomware groups in our database with 63 confirmed victims globally. The attack was disclosed on August 26, 2024, when Smith Capital appeared on the group's dark web leak site.

Smith Capital is based in South Africa , operating in the Financial Services sector. South Africa ranks #32 globally for ransomware attacks, with 84 victims in our database.

Sector context: Financial sector organisations are targeted for their access to funds, sensitive financial data, and the reputational damage a public breach can cause. Regulatory requirements also increase recovery costs.

Monti typically employs a double extortion model: first exfiltrating sensitive data from the victim's systems, then deploying ransomware to encrypt files. Victims face two simultaneous threats β€” paying to restore access and paying to prevent publication of stolen data. The group's leak site publishes victim names and exfiltrated data as leverage.

Data source: This incident record is sourced from public ransomware group leak site disclosures aggregated via the ransomware.live API. Disclosure date reflects when the victim was published on the leak site, which may differ from the initial date of compromise. This platform does not publish or link to stolen data. Last data update: Aug 1, 2026 02:00 UTC.

Frequently Asked Questions

Was Smith Capital attacked by ransomware?

Yes. Smith Capital was listed as a victim of the Monti ransomware group on August 26, 2024. The organisation is based in South Africa and operates in the Financial Services sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked Smith Capital?

Smith Capital was attacked by Monti ransomware. Monti is one of the most active ransomware groups, having claimed 63 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the Smith Capital ransomware attack occur?

The ransomware attack on Smith Capital was disclosed on August 26, 2024. This date reflects when the victim was published on the threat group's leak site, which may differ from the actual date of initial compromise.

What data was stolen in the Smith Capital ransomware attack?

The specific data stolen from Smith Capital has not been independently verified by this platform. Ransomware groups typically exfiltrate data before encrypting systems and use the threat of publication to pressure victims. As a Financial Services organisation, Smith Capital likely held financial records, client data, and transaction histories.

How can organisations protect against Monti attacks?

To defend against Monti and similar threat actors, organisations should: maintain regular offline backups tested for restoration; implement network segmentation to limit lateral movement; deploy multi-factor authentication on all remote access; use endpoint detection and response (EDR) tools; conduct regular phishing and security awareness training; and monitor threat intelligence feeds for indicators of compromise (IOCs) associated with active groups.