cybersecurity
Five ways to prevent payments fraud in your business
Ryan Mer, CEO at eftsure Africa The social and economic impact of Covid-19 has led to a marked increase in opportunistic crimes of desperation, particularly in digital payments fraud as consumers flock to digital channels to replace or supplement in-person interactions. This rapid shift to digital, which is providing necessary solutions during a time of crisis, is fuelling a surge in payments fraud worldwide. And the threat to companies isn’t only coming from the outside; internal fraud in departments responsible for supplier payments is on the rise, especially with staff working remotely. Ryan Mer, CEO at eftsure Africa, a Know Your Payee™ (KYP) platform provider says that while the amount of business transactions taking place online is constantly growing and remote working has bec...
How a common network security technology stack aligns IT & Cybersecurity
There’s no question that ensuring enterprise network security is becoming increasingly difficult for IT and security teams. In the first half of 2021, cyberattackers launched 5.4 million distributed denial of service (DDoS) attacks—an 11 percent increase from the year before. And cyberattacks equate to big paydays for attackers. In just the first half of 2021, one ransomware group collected $100 million in payments. The money gleaned from those attacks is then used to buy more expensive attack tools that can be used to further overwhelm enterprise IT and security teams. Given the increase in attacks and the added stress they create for enterprises, the solution often is to add new security tools to address the biggest pain points of the moment. But that strategy creates additiona...
2022 Predictions: These are The Five Tech Trends That Will Dominate Business in 2022
Pressure from the global COVID pandemic has forced businesses to embrace bold changes. Currently, digital transformation has a significant impact on organisations. A recent forecast the digital transformation market will grow at a Compound Annual Growth Rate of 19.1% by 2026. “Data is the backbone of digital transformation. As organisations manage larger and larger data sets, the chances of security breaches and losses increase. However, digital transformation will continue as the benefits outweigh the risks,” says Business Analyst at LAWtrust, Riaan de Villiers. According to research conducted by the Finances Online Reviews for Business Research Centre, 27% of the companies surveyed felt that implementing digital transformation initiatives is a matter of survival in their respec...
2022 Predictions: This could be a tough year for SA companies
Image sourced from Finance Times. While most of the world dealt with the impact and disruption of Year Two of the COVID-19 pandemic, cybercriminals expanded their activities with ambitious attacks on critical infrastructure. Armed with sophisticated and brute-force attack methods, threat actors continue to capitalise on the ongoing disruption of the pandemic and are leveraging the world’s shift to digital services to launch cyberattacks at an unprecedented scale. Can we expect a more cyber-secure world in 2022, or will cybercrime continue to disrupt our increasingly digital workplaces and lifestyles? Mimecast global experts weigh in on their predictions for the year ahead, which include: Social media & past breaches will come back to haunt us Peter Bauer, Mimecast CEO, predicts: “After...
2022 Predictions: Technologies That Will Reinvent Our Digital Future
Mohammed Amin, SVP – Middle East, Russia, Africa & Turkey (MERAT), Dell Technologies 2021 was a year of recovery and resilience, and one that brought extraordinary shifts in the way we live and work. Technology has been an important pillar throughout it all, helping the world to connect and collaborate, as it transformed the fundamentals of healthcare, commerce, education and financial services across the global economy. Going into 2021, we predicted that a few key technologies, would shape the future of business as organisations strived to become digital at heart. These included Hybrid Cloud, Edge, 5G, Intelligent Work Solutions and AI/Automation technologies – all of which accelerated the pace of digital transformation and brought some major opportunities and shifts in the way organi...
What will online privacy and security look like in 2022?
Image sourced from Intel. In many ways, 2021 was a landmark year for online privacy. In April 2021, Apple rolled out an update allowing users to opt out of app tracking, with most iPhone users having done so by the end of the year. There were even talks to disable tracking technology on the world’s most popular web browser. We also saw movement on the legislative front, with South Africa’s Protection of Personal Information Act (POPIA) coming into effect in July. (Kenya and Nigeria’s equivalent acts came into effect in 2019). In fact, Gartner predicts that modern privacy laws will cover 75% of the world’s population by the end of 2023. But there’s also clearly still a lot of work to be done. By the end of September 2021, there had been more data breaches than in the whole of 2020, impactin...
A closer look into the African banking industry
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“Home Alone” in 2021: This is how cybercriminals can break into a smart home
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ITC Secure and Cassava Technologies Announce Security Partnership
Image by Darwin Laganzon, Pixabay. ITC Secure (ITC), a leading advisory-led cyber security services company and a Microsoft Gold cyber security partner, and Cassava Technologies (CassavaTechnologies.com), the pan-African technology leader, announced today that they have entered into a Joint Venture (JV) to build and launch an extensive portfolio of cyber security services, powered by Microsoft Azure cloud technologies in Africa. Hardy Pemhiwa, the CEO of Cassava Technologies said: “Digital transformation in Africa is accelerating the adoption of cloud services which is creating an urgent need to better protect users and business-critical data. Cassava Technologies footprint covering more than 15 countries in Africa, we are well-positioned to meet the growing needs of businesses and individ...
Data centre risks: steps to protect the backbone of your business
Image sourced from Capacity Media. Data centres are the invisible but essential backbone of any modern business. Companies throughout the world have shifted to remote working, depending on cloud storage and cloud-based software as a service (SaaS) solution to ensure business continuity through the pandemic, and beyond. It’s anticipated that cloud solutions will account for more than 45% of IT spending by 2024, as corporations turn to these platforms to enjoy the benefits of lower costs, enhanced data analytics, and ways to collaborate more effectively. As much as these solutions are ‘cloud’ based, they’re hosted in massive terrestrial data centres, either owned by external providers, or by corporations themselves. They are vulnerable to various types of risks, including security threats su...
How to Future Proof Your Email Security With Conditional Email Access
Sourced from My Smart Choice The contemporary world runs on rapid communication and while emphasizing corporate communications, the most reliable, cost-effective and quick means of formal communication is still considered email. But due to its popularity and widespread use, emails also happen to be the most targetted mediums for cyber attacks and spreading malware.One of the major concerns of enterprises is to safeguard their confidential data that contains their business secrets, plans of action, finance details and much more. Phishing attacks intending to hack into an enterprise’s systems and networks can expose the business’s vulnerabilities and lead to a loss of revenue and market share which makes it critical for a business to not take their corporate email security lightly.Why is cor...
Number of cyberattacks against organizations increases by 13%
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