South African Banking Risk Information Centre (SABRIC)
How a Data Breach Can Impact a Business Even Years After
Image sourced from Forbes. Modern enterprises face an onslaught of cyberattacks from many quarters and must not only be prepared to contend with the direct costs of potential breaches but also with spiralling indirect costs, such as compliance fines and reputational damage. As the threat landscape continues to evolve, so do the frequency and sophistication of attacks, with companies facing anything from denial of service attacks and phishing attempts to payment card skimming, identity theft, and account takeover threats. At the same time, ransomware attacks have gained prominence over the last few years, forcing companies to continually test their data protection plans to understand the risks associated with having sensitive data released to the public. In its State of Ransomware 2021 repo...
Experian was not ‘Hacked’, says CEO
Sourced from Republic Title Experian CEO Ferdie Pieterse says that the business and credit information services agency was “in no way, shape, or form” hacked. This comes after the company confirmed that the personal information of nearly 24 million South Africans was breached. Pieterse adds that none of their systems, databases or records was ever penetrated or hacked. Instead, the fraudsters used social engineering tricks to present themselves as a legitimate Experian client, this resulted in the “release of information which is provided in the ordinary course of business or which is publicly available” – potentially including First and last names, ID numbers, Telephone numbers, Physical addresses, and Email addresses. The South African Banking Risk Information Centre (SABRIC) says t...
24 Million South Africans at Risk After Experian Hack
South Africa has just been hit a major data breach that may have put the personal information of as many as 24 million South Africans at risk. This information could include First and last names, ID numbers, Telephone numbers, Physical addresses and Email addresses. Experian South Africa – business and credit information services agency – has confirmed that “an individual in South Africa, purporting to represent a legitimate client, fraudulently requested services from Experian”. This resulted in the “release of information which is provided in the ordinary course of business or which is publicly available.” The South African Banking Risk Information Centre (SABRIC) says that “Banks have been working with Experian and SABRIC to identify which of their customers may have been exposed to the...
