Tag: cyber attack

Cybercrime has risen exponentially since the start of the global pandemic. While no security is full proof, crafting a security posture with multiple layers, built on the basic tenets of cybersecurity is certainly a good start. Since the start of the COVID-19 pandemic, cyber attacks have been on the increase on a global scale, inflicting financial losses across all sectors including manufacturing, banking, and energy, to name a few.

Results of our new Incident Response Analytics Report demonstrate that just implementing an appropriate patch management policy decreases the risk of incidents by 30%, and a robust password policy reduces the likelihood of being attacked by 60%.

Investors need to consider cyber preparedness in their investment decisions. Today, 100% of companies rely on the internet to operate, compared to the one-in-four 10 years ago, according to a study from Accenture.

Our experts are increasingly observing Business Email Compromise (BEC) attacks. Between May and July 2021, our products prevented more than 9,500 BEC attacks globally, including those against businesses in air transportation, industry, retail, IT, and delivery.

Data is a key asset to any business – that’s why it’s crucial that it’s protected. Data can help businesses understand vital information, such as customer buying behaviour or enable digital payments. However, in the wrong hands, it can be abused. Consider the risk that cyberattacks and data breaches pose to businesses.

Banks and financial service institutions (FSIs) come under pressure from government, shareholders, employees and customers as security risks increase during the pandemic. 98 percent of IT decision makers working in banks and FSIs in South Africa are under pressure to level up their security protocols, according to our new research.

At the dawn of computer security in the late 1980s, antivirus software emerged as a response to the first malware. Since then, the industry has been playing catch-up, and the challenge for cyber-defence solutions has been to recognise new malware and techniques as quickly as possible and offer the appropriate protection.

In recent years, to meet customer and market expectations, supply chains have been reconfigured for agility, transparency and speed. Consumers want new and better products faster than ever. Consumers demand unprecedented real-time visibility into supply chains, whether to validate a product’s authenticity or sustainability credentials, or simply understand exactly when it will be delivered.

Business Email Compromise (BEC) and cyber attacks are on the increase worldwide. Conveyancing firms, their clients, and other organisations effecting many large non-recurring type transactions are particularly vulnerable to BEC fraud.

Failure to implement effective compliance and accountability systems is costing the public sector dearly and making supply chains fertile ground for corruption. If the South African government is serious about stopping the rot, strict measures need to be introduced in state departments and safeguards against cyberattacks significantly improved.