Security Tech
Exclusive Networks Acquires Cyber Specialist to Establish Sub-Sahara African Presence
Jesper Trolle, CEO Exclusive Networks. Exclusive Networks, a global trusted cybersecurity specialist for digital infrastructure, has completed its acquisition of Networks Unlimited. Networks Unlimited is a major regional value-added distributor serving 38 national markets in Africa with cybersecurity and infrastructure solutions. The acquisition establishes Exclusive Networks’ first presence in sub-Saharan Africa, expanding its global footprint and providing new opportunities for vendor and reseller partners both within the region and around the world. “This is the perfect acquisition for us in Africa – I’m pleased to welcome Networks Unlimited into the global Exclusive family and believe this brings a host of benefits and opportunities to all our partners,” said Jesper Trolle, CEO at Excl...
6 Ways CFOs Can Stay Ahead of Hackers
Global losses from payment fraud have tripled from $9.84 billion in 2011 to $32.39 billion in 2020, according to Deutsche Bank’s 2021 report on the future of payments. And financial professionals are saying COVID-19 hasn’t helped matters, with 65% believing that the global pandemic is to blame for some of the accelerated rate in fraud activity, revealed by a 2021 survey by the Association for Financial Professionals (AFP). While these cybercriminals can target many areas of an organisation, the dangers are ultimately measured in financial terms. This means that Chief Financial Officers (CFOs) can no longer ignore cyber security simply because it is a complex issue outside their area of expertise. As custodians of the company’s monetary assets and financial data, CFOs are responsible for sa...
SA Data Breach Costs Reached Record Highs During Pandemic – IBM
IBM Security announced the results of a recent study that found that data breaches now cost South African companies $3-million (R46-million) on average – the highest cost in the 6-year history of the report. Worldwide, the average financial damages caused by a data breach increased by nearly 10% year over year to $4.24 million in 2021. Based on in-depth analysis of real-world data breaches experienced by organisations in South Africa, the study suggests that security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic, with costs rising 15% for South African compared to the prior year. Businesses were forced to quickly adapt their technology approaches last year, with many companies encouraging or requiring employees to work from home, a...
The High Cost of Cybercrime is Getting Higher
Image sourced from Finance Times. If cybercrime organizations could be publicly traded, we’d have an instant new multibillion-dollar industry sector. Indeed, cyber threats have become so pervasive that U.S. President Joe Biden recently signed an executive order aimed at improving federal cybersecurity in the wake of multiple significant cyberattacks, including the ransomware attack that shut down the Colonial Pipeline. Meanwhile, a broad coalition of experts in the industry, government, law enforcement, civil society, and international organizations have joined together in the Ransomware Task Force to build a framework for combatting ransomware. Ransomware attacks are only one method, however. Threat actors also use distributed denial-of-service (DDoS) attacks to ratchet up the p...
41% of Parents are Suspicious of their Children’s Social Media
The worldwide COVID-19 pandemic has forced families to spend their free time mostly at home. Staying at home usually also means spending much time using different Internet-connected devices. For clear reasons, children’s growing online activity can cause lots of worries for their parents. According to a Kaspersky survey, 41% of South African parents claim that they have come across something in their child’s social media account that seemed suspicious. Elaborating on what it exactly was, they mention people they interact with (55%), posts that they publish or share (46%), groups or public pages they join (32%), private messages (a quarter) and videos on their page (23%). What is more, 38% state their child has seen or listened to something that seemed suspicious to them, be that videos (72...
