Tag: Veeam

The financial service industry is no stranger to stringent regulation. Unlike other sectors that have scrambled to comply with legislation such as NIS2, financial service organisations are comparatively pretty diligent when it comes to data resilience and cybersecurity.

The C-suite has long left data resilience and cybersecurity in the hands of security and IT teams. It has been a case of ‘leave it to the experts’, and for a long time, that made sense. But as organisations have become increasingly dependent on technology and breaches have become a case of ‘when’ rather than ‘if,’ cybersecurity has become a part of everyone’s day-to-day.

In a world where artificial intelligence (AI) is increasingly being weaponised by cybercriminals, the question of whether we can effectively combat AI threats with more AI is not just a technical inquiry, but a pressing global concern. AI-generated cyberattacks, such as deepfake technology and automated hacking attempts, have created a cybersecurity arms race.

While South Africa has fended off the threat of recession after recording a slight growth in the first quarter of 2023, the global tech industry is still being cautious as it prepares to weather a storm. Tech companies are looking at optimising their costs across the board, with one such area topping the list of CIOs’ being controlling cloud expenditure.

Ransomware attacks have dominated the headlines over the last two years and will continue to control the cybersecurity agenda going into 2023. While ransomware gangs continue to be successful in extorting money from businesses, those that do pay demands are financing the ransomware industry and further crime.

Given the rapidly evolving cyber threat landscape, there is a growing sense that South African companies will rethink their cloud approaches to better prepare for rapid recovery in the event of potential ransomware and other cyberattacks in 2023.

The Cloud Protection Trends Report 2023, covers four key 'as a Service' scenarios: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Backup and Disaster Recovery as a Service (BaaS/DRaaS).

The statistics make for worrying reading. According to our Data Protection Trends Report 2022, 97% of South African companies experienced an outage due to a cyberattack in the past 12 months. Of those, almost nine in 10 (86%) suffered a ransomware attack.

The pandemic has put a significant strain on all industry sectors none more so than in healthcare where there was a need to adopt more data-driven planning and decision-making at lightning speed. At a time when expanding remote care, telemedicine, and m-health initiatives have become the order of the day, the spotlight has turned to the safeguarding of sensitive information at a scale comparable to the financial services sector.

Globally, Kubernetes is still in its early educational phase as a technology. On Gartner’s Hype Cycle, container management currently sits on top of the peak of inflated expectations. If Kubernetes and other technologies within this category follow the expected trajectory, they will enter the Trough of Disillusionment in the next 12 months – before climbing the Slope of Enlightenment.