Ransomware is getting nastier and more expensive all the time and it has affected almost every industry and geography. No one is immune from the threat. In a global ransomware survey conducted by Fortinet, 67% of organizations report suffering a ransomware attack. Even worse, almost half said they had been targeted more than once, and nearly one in six said they had been attacked three or more times. Renee Tarun, Deputy CISO/ Vice President Information Security, Fortinet Inc. The US Treasury’s Financial Crimes Enforcement Network (FinCEN) reported that organizations paid out almost $600 million in ransomware in the first half of 2021, which puts the US on track to surpass the combined payouts of the previous decade in a single year. Last year’s attacks on the suppl...
Image sourced from Finance Times. Now more than ever, insider threats pose a serious risk to financial institutions, especially those that have transitioned to alternate work environments to ensure business continuity, warns Fortinet. Fortinet’s 2020 Securing Remote Work Survey revealed that the shift to remote work was putting pressure on security teams and increasing the risk of breaches. In South Africa, studies have found that remote and hybrid models are here to stay, meaning organisations must make insider risk a priority, says Doros Hadjizenonos, Regional Sales Manager at Fortinet. With a 47% increase in just two years, insider threats are a significant and growing problem worldwide, exacerbated by the move to remote and hybrid work models. No organisation is immune to the...
Image by Darwin Laganzon, Pixabay. FirstNet Technology Services, a First Technology Group company, has broadened its security portfolio offering to include endpoint detection and response (EDR). As a long-time Fortinet partner, FortiEDR was the natural choice. This is according to Dave Campbell, Product Manager: Cloud Services at FirstNet, who explains, “FirstNet holds an Advanced Level partner status with Fortinet. Our cloud and security services are underpinned by a range of Fortinet products, with the use of solutions including FortiGate, FortiAnalyzer, FortiManager, FortiEDR, and FortiToken, which makes the FirstNet and Fortinet partnership a compelling offer for our customers.” “This experience has made us one of the top Fortinet partners in South Africa with a wealth of technical and...