cybersecurity Archives - AfricaBusiness.com

28Aug

By Africa BusinessNo Comments

Tech

Armata Cyber Security releases an all-in-one cybersecurity bundle for comprehensive enterprise security protection

Organisations need robust cybersecurity measures to ensure business continuity The IoT era introduces a new level of risk and threat management The bundle provides comprehensive protection across multiple touchpoints within the organisation Armata Cyber Security has developed an all-in-one cybersecurity bundle - designed to provide organisations with a comprehensive layer of protection against malware and ransomware attacks. The solution includes robust security, insurance and warranty protection that’s easy to use, manage and integrate within the business. Providing exceptional security resilience to the organisation, the product is designed to mitigate user error while enhancing overall operational security. “You need to look at how malware accesses your environment if you want...

25Jan

By Africa BusinessNo Comments

South Africa News, Tech

Armata unpacks details in latest webinar on the benefits of outsourcing security operations

To the backdrop of cyber threats increasing every year, accompanied by a severe skills shortage in the tech industry broadly and cybersecurity more specifically, many businesses are looking for the best ways to manage their security operations. Cybersecurity specialist business Armata, led by industry heavyweight Caesar Tonkin, recently hosted a webinar to help businesses understand the benefits of organisations outsourcing their security operations. Tonkin has led a series of industry webinars, seeking to elevate the knowledge-sharing that’s essential for the industry to keep up with nefarious threat actors who are using ever-more elaborate technology and techniques to attack business systems. The most recent webinar was designed to give businesses deeper insight into the process of outs...

12Sep

By Africa BusinessNo Comments

South Africa News

What South Africans need to know about smart devices – from cars to cots

We live in a world surrounded by smart devices – from our pockets to our driveways and living rooms. These advancements offer convenience, and in many cases, extra security. But when gadgets are fitted with computing power and internet connectivity, they also become a target for remote hackers, says Carey van Vlaanderen, CEO of ESET South Africa. Smart cars meet smart hackers Earlier this year, a TikTok trend helped thieves hack certain models of Kia, Hyundai cars. According to Bloomberg, videos about the so-called Kia Challenge showed mostly teenagers giving instructions on how to unlock certain models of Kia and Hyundai cars. By inserting a USB cable into a broken steering column, TikTok videos show, thieves can hotwire an engine – much like the way that screwdrivers typically come in ...

16Dec

By Africa BusinessNo Comments

Tech

Cybastion Pioneers Path to Success in Africa with Numerous Groundbreaking Agreements Signed

Cybastion, an emerging leader in the field of cybersecurity, took centre stage at side events of the U.S. - Africa Leaders Summit. The cybersecurity firm was also the platinum sponsor for the US - Africa Business Forum event. (USABF) The USABF event took place on the Summit’s second day (December 14). It was hosted by the White House, the U.S. Department of Commerce, the U.S. Chamber of Commerce, and the Corporate Council on Africa, in partnership with the Prosper Africa initiative. Speaking at the USABF event on Wednesday, President Biden announced over $15 billion in two-way trade and investment commitments, deals, and partnerships, that advance key priorities, including sustainable energy, health systems, agribusiness, digital connectivity, infrastructure, and finance. He said, “Alto...

3Dec

By Africa BusinessNo Comments

Tech

Why you need dynamic data protection

SLVA CyberSecurity and Active Cypher’s data protection and control solution works across all systems, protecting data at rest, in motion and during collaboration. Understanding the importance of simplifying data protection, SLVA CyberSecurity has partnered with Active Cypher, to help its customers overcome these specific challenges. This is achieved by providing data security across the entire data supply chain, explains SLVA CyberSecurity CEO Patrick Evans. In this way, he adds, one can render sensitive data worthless to ransomware attackers, and turn potential data breaches from catastrophes into inconveniences. “Active Cypher is a data protection and control solution designed to protect and secure data across its entire lifecycle, in ways that are less complex and costly than its c...

20Oct

By Africa BusinessNo Comments

South Africa News, Tech

Businesses must prioritize cybersecurity just as they do physical security in order to protect their most valuable assets

Cybersecurity is possibly even more important than locks, vaults and walls in protecting the modern business. This is according to members of the Institute of Information Technology Practitioners South Africa (IITPSA) Cybersecurity Special Interest Group (SIGCyber). In a statement marking international Cybersecurity Awareness Month, which is held every October, the IITPSA SIGCyber members noted that business intellectual property, data and systems have significant value. This makes them a target for cyber criminals. To combat the cybercrime risk, cybercrime should be a top priority, and more skills development and awareness campaigns are necessary, they say. The business case for protecting the ‘crown jewels’ Bryan Baxter, CRO at Wolfpack Information Risk, says: “Business mission criti...

12Oct

By Africa BusinessNo Comments

Fintech, South Africa News, Tech

The short answer to long passwords

Our digital world has become increasingly risky where hackers access personal data and steal identities with little effort. It’s said that nearly half of all South African consumers have either been a victim of ID theft, or know someone who has, costing in the region of R1 billion a year to the economy. Identity theft is big business – where a fake ID can cost just R3000 on the dark web or in the dark alleys of the city. But are longer, more complicated passwords and security measures the answer for South Africans? A recent Google survey revealed that more than half of the respondents admitted to reusing the same password for multiple accounts. Around 80% of hacking breaches can be attributed to reused or stolen credentials. Pan-African fintech innovator, iiDENTIFii, however, has develop...

Are your Excel spreadsheets a cybersecurity risk?

10Oct

By Africa BusinessNo Comments

Tech

Are your Excel spreadsheets a cybersecurity risk?

The use of spreadsheets in accounting and finance departments has vastly improved data analysis and enabled fast and accurate reporting, computing and information storage. Life without them is almost unthinkable. However, danger lurks within and although the use of macros in Excel to automate processes can enhance efficiency, macro malware can put your entire business at risk says Ryan Mer, Managing Director of eftsure Africa, a Know Your Payee™ (KYP) platform provider. Macro malware was fairly common several years ago because macros ran automatically whenever a document was opened. Microsoft has disabled macros by default in recent versions of Microsoft Office. However, Business Email Comprise (BEC) attacks are on the rise, adding an additional layer of risk of spreadsheets being manipul...

22Feb

By Africa BusinessNo Comments

Tech

ESET Threat Report: Ransomware and password guessing top cybersecurity threats

Ransomware surpassed the worst expectations in 2021, with attacks against critical infrastructure, outrageous ransom demands and over USD 5 billion worth of potential bitcoin transactions in the first half of the year alone. RDP (Remote Desktop Protocol) attack numbers from the last weeks of T3 2021 broke all previous records, amounting to a staggering yearly growth of 897%. Android banking malware detections rose by 428% in 2021 compared to 2020. ProxyLogon vulnerability was the second most frequent external attack vector in ESET’s 2021 statistics, right after password-guessing attacks. Attacks exploiting the Log4Shell vulnerability were the fifth most common external intrusion vector in 2021. ESET Research has released its T3 Threat Report for the fourth quarter of 2021, s...

19Dec

By Africa BusinessNo Comments

Fintech, South Africa News, Tech

Payment fraud – top five scams to look out for

The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. Ryan Mer, CEO, eftsure Africa, a Know Your Payee™ (KYP) platform provider, says that fraudsters are constantly finding new ways to exploit vulnerabilities and attack corporate payment systems and it’s critical that we all work together and share information to remain one step ahead of scammers. Accounts payable fraud is one of the most damaging and is common in companies large and small, targeting the department responsible for paying suppliers and other vendors. A report from JP Morgan found that 81% (source) of organisations were hit with payment fraud in 2019, and only a relatively small portion of losses are recovered because the scam worked so well. He...