South Africa has the highest rate of cybercrime on the continent‚ a report by Cisco revealed on Monday. Cisco Annual Security report said that “today’s attackers launch more sophisticated‚ bold and resilient campaigns”. Greg Griessel‚ Consulting Systems Engineer Security Solutions at Cisco South Africa‚ said: “Cyber criminals are getting smarter and employing a number of personalised tactics‚ which places businesses at greater risk. 92% of business leaders agree that regulators and investors will expect companies to manage cyber-security risk exposure. These leaders need to essentially increase measures to secure theirRead More
Very small businesses (VSBs) with fewer than 25 employees are the least likely to view IT strategy as a top strategic concern, according to a survey. According to a Kaspersky Lab survey undertaken on businesses worldwide, only 19% of VSBs worldwide reported IT strategy as one of their top-two strategic concerns, compared to 30% of businesses with more than 100 employees, and 35% of enterprises with 5 000 employees or more.
Fraudsters who use bank accounts registered around the country are targeting unsuspecting consumers who hunt for bargains on websites OLX and Gumtree. In the latest case, a Port Elizabeth woman, Debbie Prins, wanted to buy a Ford Territory in Cape Town that was advertised on OLX last week.
With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is that however much they spend, even the largest companies are unlikely to be able to stop their systems being breached. The best defence may simply be either to reduce the data they hold or encrypt it so well that if stolen it will remain useless.
SA businesses face unprecedented levels of cyber attacks as global security vulnerabilities against systems reach their highest recorded level. In the rapidly evolving world of security threats, the Cisco 2014 Annual Security Report revealed that total global threat alerts increased 14% year-on-year from 2012 to 2013. Around the world, a sample of 30 of the world’s largest Fortune 500 companies generated visitor traffic to websites that host malware, with global energy, oil and gas sector seeing a sharp rise in malware attacks.
The number of people who fall victim to cyber crime has decreased, but the average cost per victim has risen by 50 percent, an annual study has found. “Today’s cyber criminals are using more sophisticated attacks, such as ransomware and spear-phishing, that yield them more money per attack than ever before,” concludes the study released on Monday. Known as the Norton Report, it was commissioned by Symantec, which examines consumer online behaviour, security habits, and the dangers and financial cost of cyber crime.
A cyber report has revealed that criminals can buy personal details online for less than £20 (R300). Credit card details without PINs cost £16, with a PIN costs £65 and the cost of a credit card with PIN and a guaranteed good balance costs £130, according to the report by security software company McAfee.