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South African President Cyril Ramaphosa on COVID-19

COVID-19 Threatens Cybersecurity in South Africa

According to researchers at IBM X-Force, Sphinx, a modular malware based on leaked source code of the infamous Zeus banking trojan began resurfacing in December 2019. However, a substantial increase in volume was reported in March 2020. This was due to Sphinx’s operators taking advantage of the interest and news around government relief payments in the U.S, Canada and Australia. Across the globe fraud and cyberattacks have soared. This is of particular concern for South Africa as funds are collected to uphold the economy during lockdown and new grants are implemented to ensure the wellbeing of citizens. The local situation South African President Cyril Ramaphosa recently announced a significant package of social and economic relief to address the fallout from the country’s COVID-19 lockdow...