Tag: cybersecurity

Consumers are familiar with phishing emails, fraudulent SMS messages and social media scams. However, the scale and complexity of cyberattacks on critical sectors far exceed these relatively simple threats. Entire industries and governmental bodies face increasingly sophisticated attacks. These attacks can cripple essential services, cause significant economic damage and compromise sensitive data on a massive scale.

BBanking goes far deeper than managing financial transactions. Organisational, compliance and governance layers are demanding and complex. From merchants to customer onboarding, relationship banking and internal agreements, these layers require effective management. Workflow management must also be handled securely and with certainty. This ensures both the bank and its customers are protected.

These are times of unprecedented change and disruption. New technological innovations and geopolitical events are just two of the major catalysts of change in the landscape of risk. In times of volatility, businesses are often faced with increased risk exposure, with opportunistic cybercriminals at the ready to exploit vulnerabilities and take advantage of loopholes.

Public Branch Exchange (PBX) has been synonymous with business communication for decades, representing a kind of mini phone network for a business’s internal and external communication. Traditionally, it has been a big investment and, as we all know, technology ages and needs to be serviced. 

Business travel fuels growth for many South African companies, driving expansion through new connections, sealing deals, and unlocking opportunities in diverse markets. However, data reveals a significant cost associated with these trips. From August to October 2023, companies typically spent R15,138 per domestic trip and R34,943 per international business travel. These high costs highlight the critical need for companies to ensure their employees are safeguarded against cyber threats.

With remote work firmly entrenched in our reality, employee self-service systems have become a game-changer, digitising and automating critical tasks to ease the administrative load on payroll and HR teams. These web or mobile-based platforms offer employees direct access to their personal HR information, enabling them to manage various aspects of their employment independently.

Businesses face an ever-increasing array of security challenges today and as they adopt new technologies to stay competitive, the need for robust security measures has never been more critical. The ever-expanding range of technologies competing to keep business information safe can be overwhelming for organisations striving to stay ahead.

Technology is always great when it’s used in an ethical manner. We have a better working environment currently than some of the fore-bearers of the finance ecosystem. With the introduction of artificial intelligence (AI), we have to also consider the risk of fraud.

According to estimates by our experts, the average share of spam in global email traffic in 2023 was 45.60%. This deluge of unwanted emails not only clogs up inboxes, but also consumes a significant amount of time and resources. On average, each year, employees spend between 5 and 18 hours sorting through spam, and when scaled to an organisation with hundreds of employees, this translates into huge amounts of lost productivity. Yet, the wasted time is just the tip of the iceberg.

Who knew that cybersecurity was not about sticking a firewall on the edges of the corporate network? Well it is, but if that’s all you’re doing, you’re already in trouble. At the recent Amazon Web Services (AWS) annual cybersecurity conference, re:Inforce, held in Philadelphia this year, a constant refrain was that cybersecurity is as much about corporate culture as it is about technology.