Tag: cyber attack

While South Africa has fended off the threat of recession after recording a slight growth in the first quarter of 2023, the global tech industry is still being cautious as it prepares to weather a storm. Tech companies are looking at optimising their costs across the board, with one such area topping the list of CIOs’ being controlling cloud expenditure.

More than half of South African businesses were impacted by ransomware in 2022, according to a CSIR report on cybersecurity. If businesses don't implement adequate cybersecurity strategies, this percentage will increase as the country's reliance on digital technologies and the number of associated threats expand.

The fact that ransomware and cyberattacks have become increasingly prevalent is common knowledge, and this has raised greater awareness of the need for effective data protection. However, ransomware and other data breaches are not the only concern for businesses. Protecting data is essential, but managing it is equally important.

Although the world of crypto-related financial services is in turmoil at the moment, its underlying blockchain technology has a vital role to play in the future of banking and other financial services. In the world of finance, we are currently seeing real consensus between the traditional and the Web3 players that the combination of secure private banking, blockchain technology and Bitcoin custodianship is the future and holy grail of banking.

The Cloud Protection Trends Report 2023, covers four key 'as a Service' scenarios: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Backup and Disaster Recovery as a Service (BaaS/DRaaS).

Ransomware and malware have become part and parcel of business in today’s world. Organisations need to be adequately prepared, which means that their data protection strategy must go beyond the traditional backup, restore, and disaster recovery.

Even though concepts such as DevOps and MLOps have gained support in recent years, FinOps is a relatively new discipline that has yet to become generally practised. And yet, its potential to enhance financial services through a reinvented data strategy is significant.

We have announced new research findings from our latest global research survey, ‘Realigning the links of the disconnected supply chain’, which explores the challenges and solutions to ongoing supply chain disruptions that manufacturers and distributors face today.

As South Africa battles a fourth wave of COVID-19 infections, all eyes are on how businesses will steady the ship and continue to prepare themselves for future shocks and disruptions. This, coupled with a global surge in cyber attacks, means that digital transformation and acceleration remain as relevant and important, if not more so than ever. 

If a business suddenly had no access to its business documents and financial records, the consequences would be severely felt. And if the company suffered a cyberattack, it could be devastating. These are just two reasons why cloud computing has become so important, and why moving to online accounting can genuinely help small- to medium-sized enterprises (SMEs).