cyber crime Archives - B2B Central

16 Apr 2021

Data breach financial implications of POPIA

By Staff Writer

Evolving cyber risks and the Protection of Personal Information Act (POPIA) has created a greater awareness of the financial impact of cyber risks, considering the fact that maximum penalties under POPIA are a R10 million fine or imprisonment for a period not exceeding 10 years or both[1]. It emphasises the need for organisations to increase their understanding of cyber insurance.

14 Mar 2021

PPS falls victim to a malicious cyber-attack

By Staff Writer

PPS’s security experts have confirmed that the company has fallen victim to a malicious cyber-attack. An independent forensic investigation into system disruptions since 9 March 2021 currently shows no evidence that any data has been compromised.

08 Apr 2020

Uncovering the face of cyber crime: How a hacker scammed over $100 000

By Staff Writer

Researchers from cyber crime solutions company, Check Point, have painstakingly uncovered the identity of a prolific cyber criminal known as ‘Dton’. When you spot a phishing attempt or an email with a suspicious document attached in your inbox, have you ever wondered who actually sent it to you, and how they got your details? Or...

25 Oct 2019

Ransomware attacks more prevalent

By Janice Roberts

The City of Johannesburg suffered another ransomware attack, having been targeted in July as well. Both incidences occurred around the 25th of the month when most South Africans receive their salaries and do payments, highlighting the fact that ransomware attackers will exploit flaws in IT infrastructure at critical times to gain optimum leverage.

26 Sep 2019

Cybersecurity: There are consequences

By Janice Roberts

There is a misplaced confidence in existing cybersecurity solutions and the beleaguered IT department that is leaving corporate doors wide open for attack. The World Wide Worx State of Enterprise Security in South Africa 2019 report found that 99% of IT departments feel confident that they can protect the company and yet 45% say they...

22 Jul 2019

Managing the risks is tricky

By Janice Roberts

By security expert and J2 Software CEO John Mc Loughlin. As financial services embrace opportunities from cloud and mobile computing to connect with their clients, they take on new risks. There is a steady increase in destructive, sophisticated cyberattacks and ransomware.

18 Jul 2019

Tax season is here: How to protect yourself from cybercriminals

By Janice Roberts

Tax season has begun and whilst many of us can’t wait for our refunds – this is also a time of the year when cybercriminals are waiting to attack. Whilst we have become wiser to email spams and scams, cybercriminals are, however, in the perfect position to “fine tune” their attacks. If one doesn’t work,...

01 Jul 2019

Building the security baseline

By Janice Roberts

At any given moment, a cybercrime victim is losing around R3.5 million a day, according to Action Fraud in the United Kingdom. The Cyber Security Breaches Survey 2019 found that 60% of medium firms and 61% of large firms deny that they have been attacked and yet 25% of those that identify a breach experience...

23 Apr 2019

CEOs need a better understanding of cyber security

By Janice Roberts

CEOs have a lot on their plate. They are ultimately responsible for business strategy and planning, as well as leading operations. It’s no surprise then, that they lean heavily on their technical leads and departments, particularly when it comes to information security.

25 Jul 2018

Insuring your business against cyber crime

By Janice Roberts

The recent hack at one of SA’s largest insurers has been a wakeup call for many local businesses that have maintained a fairly relaxed approach to cybersecurity. As the biggest SA breach to date, it dominated the headlines, but the reality is that cyber security issues have been creeping up on us for some time,...

02 Nov 2017

Stay safe when shopping online

By Janice Roberts

Online retail is a huge business today, with an increasing number of consumers across the world turning to the Internet to buy products and services. There are several reasons for this, but the obvious ones are convenience, affordability and range of choice that physical retailers cannot hope to match.

21 Feb 2017

Eight digital banking scams to lookout for

By Janice Roberts

As access to banking services through digital channels continues to grow, so does the need to protect consumers against the prevalence of online banking fraud.