Tag: cybersecurity

In recent months, SABS has faced growing scrutiny. Allegations of maladministration and mismanagement have led to a comprehensive investigation by the Department of Trade, Industry and Competition (DTIC).

Organisations are facing a surge in internal security threats. A startling 76% of organisations have detected increased insider threat activity over the past five years. Yet, less than 30% believe they have the right tools to handle these threats effectively.

As cyber attacks grow in frequency and complexity, it is urgent to shift from prevention alone to detection and response. Many businesses still rely on outdated, reactive approaches, even though Managed Detection and Response (MDR) is not a new concept. Without proactive cyber threat management these reactive methods leave organisations vulnerable to sophisticated attacks.

Con artists and scammers are becoming more skilled at manipulating bank details and private information from consumers. It is important to understand the risks and recognise the warning signs. Fraud and scam statistics in South Africa are alarming.

Our 2025 cybersecurity predictions, developed by a team of global industry experts, highlight critical trends shaping the cyber threat landscape. In 2024, cyber threats escalated at an unprecedented pace, driven largely by the rapid adoption and evolution of Artificial Intelligence (AI) tools.

With increasing alacrity, businesses must recognise the crucial need to transform their organisational structures. This is necessary to keep pace with the rapidly evolving digital landscape. However, it’s equally important for organisations to consider the associated risks. This will ensure long-term resilience.

Conversations about the war for talent in financial services have persisted for many years. Competition to attract skilled individuals has always been intense, with high demand for talented professionals. This competition has intensified recently as hiring activity accelerates to meet today's significant challenges.

As the year ends, businesses face year-end fatigue and the pressures of the approaching festive season. This period, marked by heavy workloads and rushing to meet targets, creates opportunities for cybercriminals to exploit vulnerabilities. One prominent method is business email compromise (BEC), a sophisticated cybercrime targeting organisations via email system infiltration. A common BEC tactic involves altering banking details on invoices.

As Black Friday approaches, millions of consumers prepare for one of the busiest shopping days of the year. The excitement of discounts and limited-time deals drives online shopping. However, this also creates an opportunity for cybercriminals to exploit the surge in activity.

Black Friday is almost here, raising stress levels for everyone involved. Shoppers rush to find valuable deals. Retailers need to achieve sales targets to satisfy shareholders. To succeed this year, organisations must maximise their retail technology investments and offer real value and superior customer experiences.