cybersecurity strategy Archives - AfricaBusiness.com

Business Email Compromise (BEC) and cyber attacks are on the increase worldwide. Conveyancing firms, their clients, and other organisations effecting many large non-recurring type transactions are particularly vulnerable to BEC fraud. Ryan Mer, Managing Director, eftsure Africa, a Know Your Payee™ (KYP) platform provider says gaps in organisations’ payment systems not only pose massive financial and reputational risks, but can have serious legal implications as well. According to a global survey conducted by Mimecast Cyber Security Services in 2020, six out of ten companies globally were infected with ransomware and there was a 64% increase in email threats. An Accenture report from May 2020 confirms South Africa had the third most cybercrime victims globally, resulting in losses toppin...

News Summary: Nearly 90 percent of organizations had at least one user attempt to connect to a phishing site, most likely by clicking a link in an email. 70 percent of organizations had users that were served malicious browser ads. 51 percent of organizations encountered ransomware-related activity. Cisco has today published its DNS Security Report, which analyzes malicious DNS activity and threats that occurred between January and December of last year. The report examines data from Cisco Umbrella, the company's cloud-based network security platform, finding that cryptomining malware affected a vast majority of customers in 2020, generating substantial amounts of malicious DNS traffic, while taking up precious computing resources. During a year in which security issues have becom...

Tag: cybersecurity strategy

BEC Attacks: Who is legally responsible?

Cisco Report Finds That Cryptomining Malware Activity Affected 69% of Customers in 2020