Transnet is a harsh reminder that anyone is a victim in the current environment
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 cyberattack on its system. At the end of June, there was a major data leak that impacted one of South Africa’s major insurers.
"These coordinated attacks by cyber criminals are indicative of the environment that we live in at the moment," says Manie van Schalkwyk, CEO of the Southern African Fraud Prevention Service (SAFPS). He adds that these criminals are motivated, well-funded, and do not care who they go after.
Risk based environment
The cyber attack ...