The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and the interests of financial leaders becomes increasingly significant, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee (KYP) platform provider.
Tag Archives: cyber attacks
By Richard Frost, Head of Product: Cybersecurity at Armata With South Africa being the sixth most targeted country worldwide regarding cyber attacks, it’s no surprise that organisations have to put numerous steps in place to protect their networks and data. This is all the more crucial in a world where we have legislation such as […]
With phishing, ransomware and other cyberattacks on the rise in South Africa, appropriately budgeting for cybersecurity is a must, as the benefits of having strong measures in place far outweigh the assumed expense of digital security, says Steve Flynn, Sales and Marketing Director at ESET Southern Africa. With a shortage of experienced cybersecurity personnel in South […]
Cyber threats are increasing at a rate far greater than the industry is able to cope with. Despite this, C-Suite executives still don’t take cybersecurity seriously enough while boards are not nearly as engaged in cybersecurity as they are in other areas of oversight, says Patrick Evans, CEO of SLVA CyberSecurity. Cybersecurity breaches pose a major […]
On 17 March, ITWeb reported that credit bureau, TransUnion South Africa, is currently in an ongoing battle with a hacker group that is demanding a $15 million (R223 million) ransom over four terabytes of compromised data. The hacker group, going by the name N4aughtysecTU, which claims to hail from Brazil, is alleging it breached TransUnion […]
The recent cyber-attack on Transnet is a serious wakeup call and a reminder that, in the technology age, no company is safe from cyber criminals who are trying to disrupt operations or steal personal information. While Transnet was dealing with its cyberattack, Macsteel – one of South Africa’s largest steel suppliers – faced a similar […]
By Derek Manky, Chief of Security Insights and Global Threat Alliances at FortiGuard Labs. Artificial intelligence (AI) technology is a powerful technology, and because of this, it holds great potential for exploitation by cybercriminals. Considering this, the only way that security leaders can stay ahead of bad actors is by gaining a true understanding of how this […]
Three Factors Highlighted as Crucial to Achieving Desired Security Outcomes: Enabling Business, Managing Risk and Operating Efficiently Cisco has published its 2021 SMB Security Outcomes Study, a derivative of Cisco’s flagship cybersecurity report, 2021 Security Outcomes Study, highlighting what SMB leaders are doing to thrive in today’s ever-evolving threat landscape, as well as offering actionable […]
ThreatQ platform will support turning threat data into threat intelligence to be shared and applied to security solutions for automotive products ThreatQuotient™, a leading security operations platform innovator, announced that the ThreatQ™ threat intelligence platform will be utilized by the Automotive Security Research Group (ASRG) to facilitate cyber threat intelligence sharing across the automotive industry. […]
It is predicted that there will be 7,5 billion Internet users by 2030 and that more than 111 billion lines of new software code is produced each year. While the growth is exciting, these statistics also outline the number of vulnerabilities open to exploitation. Together with an estimated 96 zettabytes of digital content currently produced, this […]
Respondents to the survey indicate their usage of CTI changed significantly during 2020, influenced by sharp rise in COVID-related phishing and ransomware attacks. ThreatQuotient™, a leading security operations platform innovator, announced the results of the 2021 SANS Cyber Threat Intelligence survey. The spike in cyber breaches in the past year, compounded by COVID-related attacks, has […]
Defending Against Critical Threats Report identifies migration to remote working and evolution of ransomware as key contributors towards diverse criminal activity Cisco has revealed the findings of its Defending Against Critical Threats Report, noting changes in criminal activity during 2020 and new methods of exploitation, arising as a result of the pandemic. During a year […]