Tag: cyber-attacks

We have launched the Africa Cyber Security Outlook 2022 survey which unpacks the state of cybersecurity across the continent - highlighting that the cyber landscape in Africa is highly dynamic and rapidly evolving - propelled by widespread digitisation and matched by adequate investments in protecting assets and data from cyber threats.

Our latest findings on State of Cyber Resilience shows that cyberattacks on insurers have more than doubled (from 240 to 519 attacks, on average), illustrating the current cyber climate for insurers: It’s volatile. This number is more than twice as much as the cross-industry cyber resilience leaders in the survey and over three times more than their banking peers.

In mid-August 2020, approximately 23.4 million South Africans' personal information was compromised. The data breach was announced by Experian South Africa on 19 August 2020. Correctly, Experian issued a notification to the Information Regulator, but is this enough? Experian stated that 'no consumer credit or consumer financial information was obtained', but what information was then the subject of the breach?

In a dynamic, connected environment where sensitive customer data is highly attractive to hackers and forms the lifeblood of the business, facing a cyber-attack is no longer a case of 'if', but 'when'. Of greater concern is how to minimise the impact on their business and on customer trust.

It is commonly understood that security – or specifically cybersecurity in the modern-day organisation – is everyone’s responsibility, but what does that mean?In the same way as fiscal discipline is managed today, security can and should be connected to the very fabric of the business.

Data breaches and cyber-attacks are unignorably on the rise and hackers are becoming increasingly sophisticated. Across the world, businesses are finding it difficult to grapple with rapidly shifting cybercriminal motivations, tactics and appetites for destruction.