The largest risks to cyber security facing South African firms

Estimated read time 3 min read

Cybercrimes are being reported in South Africa at an increasing rate. A cyber attack is an attempt by cybercriminals, hackers or other digital adversaries to access a computer network or system, usually for the purpose of altering, stealing, destroying or exposing information.

Cyberattacks can target a wide range of victims from individual users to enterprises or even governments. When targeting businesses or other organizations, the hacker’s goal is usually to access sensitive and valuable company resources, such as intellectual property (IP), customer data or payment details.

The majority of South African organizations (78%) were the target of a ransomware assault in the previous year, according to Sophos’ The State of Ransomware in South Africa 2023 research.

Compared to responders worldwide, who reported 66% of ransomware attacks over the same period, South Africa saw a considerably higher proportion of these attacks.

Furthermore, there are now more cybercrimes in South Africa as a result of new work-from-home programs and increasing load shedding.

Chief technology officer of Performanta, a cyber security company, Gerhard Swart, claimed that work-from-home arrangements and hybrid work systems have promoted poor security practices such sharing passwords among coworkers and using weak passwords.

Furthermore, load shedding makes users switch between access points according to time and place, leaving their systems vulnerable to malicious actors.

Employees can expose their firm to potential digital risks in a variety of various ways.

The top ten dangerous behaviors that employees participate in on their work devices are listed by KnowBe4, a platform that simulates phishing attacks and offers security awareness training.
Furthermore, load shedding makes users switch between access points according to time and place, leaving their systems vulnerable to malicious actors.

Employees can expose their firm to potential digital risks in a variety of various ways.

The top ten dangerous behaviors that employees participate in on their work devices are listed by KnowBe4, a platform that simulates phishing attacks and offers security awareness training.
Furthermore, load shedding makes users switch between access points according to time and place, leaving their systems vulnerable to malicious actors.

Employees can expose their firm to potential digital risks in a variety of various ways.

The top ten dangerous behaviors that employees participate in on their work devices are listed by KnowBe4, a platform that simulates phishing attacks and offers security awareness training are:

-Entertainment domain/streaming services
-Gaming website
-Greymail
-Adult website
-Unauthorised or malicious application
-Risky website detected
– removable media
-Sharing of personal identifiable information (PII)
-Cloud backup or cloud storage
-Malicious email attachment opened

As per the 2022 Verizon Data Breach Investigations Report, human mistake is the reason behind 82% of data breaches; however, just 3% of IT expenditure is allocated towards mitigating the human aspect.

According to KnowBe4 CEO Stu Sjouwerman, “employees continue to be the biggest risk factor with the proliferation of social engineering attacks.”

But they can become your last line of defense and a human firewall with the right guidance and training. These alarming results from our recently released SecurityCoach product highlight the significance of creating a robust security culture.

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