Tag: cyber resilience

Traditional payment fraud has been rife for some time, where the cybercriminal impersonates the CEO, or other senior member of staff, to convince the finance department to make an urgent payment to either a new supplier or update their bank details.

Impacts vary, but in many cases, ransomware disrupts businesses for significant periods or even forces them to suspend operations or close. A growing population of highly capable cyber extortionists is developing a new means to counter defences and increase the level of disruption they can inflict constantly.

The Festive Season is a time when most South Africans, like the rest of the world, will be looking to spoil their loved ones by purchasing them gifts. Over the past few years, South Africans have been lucky enough to be able to take advantage of the discounts that are offered on Black Friday (the last Friday in November) and Cyber Monday (the Monday immediately following Black Friday).

The emergence of Kubernetes and containerisation is arguably more important for the evolution of computing than virtualisation about 15 years ago. It is poised to see massive uptake in the coming years, providing an attractive skills investment for those looking to future-proof their careers, while giving businesses a massive competitive advantage in the shape of cost savings, availability, flexibility, and portability of infrastructure.

The wider renewables industry is realising the criticality of cybersecurity in holistic asset resilience. Since many of the systems currently in use were built prioritising efficiency over security, cybersecurity now poses a serious challenge for renewables operators.

Another day, another data breach. South African businesses are becoming more susceptible to cyberattacks and seem to be easy targets for criminals. Data breaches are now a common phenomenon with Nedbank, Momentum, Lombard Insurance, Experian and Stefanutti Stocks making headline news.

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.

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.

Nature is inherently designed for resilience. The way trees are designed to bend but not break under the weight of high winds, storms, and snow, how they automatically renew and heal each season – we can learn a lot about resilience from nature and it is time for organisations to take a similar approach to cybersecurity.