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South Africans Under Strain as Inflation Persists

Location: Business
  • 79% of South Africans ranked inflation among their top three household financial concerns, up from 74% a year ago
  • Financial optimism fell to 66% from 71% in Q2 2025, while 39% expect to miss at least one current bill or loan repayment
  • 92% view access to credit as important, but only 36% plan to apply for new credit or refinance, while 45% abandoned applications

South African consumers are facing sustained financial strain, with nearly four in ten (39%) expecting to miss at least one bill or loan repayment, according to TransUnion’s Q2 2026 Consumer Pulse Study (CPS). Persistently high inflation continues to reshape how households spend, borrow and save, driving more cautious financial behaviour and softer optimism.

The findings point to a consumer environment marked less by recovery and more by ongoing adjustment. While many households remain financially active, their ability to absorb additional pressure is narrowing, with affordability constraints increasingly shaping everyday decisions.

“Consumers are still managing, but the margin for error is shrinking,” said Ayesha Hatea, director of research and consulting at TransUnion South Africa. “Even modest increases in essential costs are forcing difficult trade-offs, which is reflected in lower confidence and more cautious credit behaviour.”

Financial Pressure Persists as Optimism Declines

Household finances remain under pressure, with mixed signals pointing to continued strain. In Q2 2026, 43% of South Africans said their household finances were better than planned, down slightly from 44% in Q2 2025. At the same time, 40% said their finances were worse than planned, pointing to persistent pressure rather than a clear recovery trend.

Forward-looking sentiment softened more noticeably. Financial optimism declined to 66%, down from 71% in Q2 2025, while pessimism increased to 19% from 15%. Income expectations also weakened, with 70% of consumers expecting their household income to increase over the next 12 months, compared to 75% a year ago.

A key driver of this shift is the widening gap between income growth and rising living costs. Only 37% of consumers believed their income was keeping up with inflation, while 41% disagreed. Inflation for everyday goods, including groceries and fuel, remained the dominant household concern, ranking among the top three worries for 79% of respondents.

This imbalance is increasingly affecting liquidity, which underscores the extent to which cost pressure continues to affect monthly cash flow and raise the risk of missed payments.

“Inflation remains the single biggest pressure point for households. Even where incomes are rising, essential costs quickly absorb that relief. This makes budgeting discipline and financial awareness more important, because households need to know where they can adjust when pressure rises,” said Hatea.

Households Cut Discretionary Spend to Stay Afloat

In response, South Africans are making practical adjustments to their household budgets. More than half of consumers (53%) said they had cut back on discretionary spending such as dining out, travel, and entertainment over the past three months. A further 28% cancelled subscriptions or memberships, while 24% cancelled or reduced digital services such as wireless, cable TV, or internet.

Debt and savings behaviour also reflect caution. Around 32% of consumers said they had paid down debt faster, 27% saved more in an emergency fund or stokvel, and 20% saved more for retirement. At the same time, 14% cut back on retirement savings, 14% increased their use of available credit, and 13% used their retirement savings, signalling that financial resilience is uneven and for some, deteriorating.

Looking ahead, consumers expect essential categories to remain under pressure. Over the next three months, 37% expect their spending on bills and loans to increase, while 33% expect higher spending on medical care and services. Around 36% expect to increase contributions to retirement funds or investments, although 16% expect to decrease spending in that category.

“These findings show how carefully households are trying to manage trade-offs. Some consumers are still building buffers and paying down debt, while others are drawing on savings or credit to get through the month. That is why the broader picture is one of sustained financial adjustment rather than simple improvement,” said Hatea.

Consumers Want Credit but Few Are Willing to Apply

Credit remains a critical financial tool, but engagement is becoming more selective. The study found that 92% of South Africans view access to credit and lending products as important to achieving their financial goals, unchanged from a year ago. Perceptions of access improved, with 45% believing they have sufficient access to credit, up from 38% in Q2 2025. Around half (50%) of consumers believe they would be approved if they applied.

However, this confidence is not translating into increased demand. Only 36% plan to apply for new credit or refinance existing credit in the next 12 months, broadly unchanged year-over-year (YoY). Among those who considered applying for credit or refinancing, 45% ultimately abandoned their plans.

Cost remains the largest barrier, cited by 30% of consumers who abandoned applications. Credit history was cited by 23%, while 22% pointed to income or employment status. This suggests that while consumers still recognise the importance of credit, many remain cautious about taking on new commitments.

“Credit demand has not disappeared, but consumers are becoming more selective about the obligations they take on. For many households, access is not only about whether credit is available. It is also about whether the cost, repayment terms and approval process feel manageable,” said Hatea.

Where consumers do plan to apply, demand is shifting toward shorter-term and more flexible products. Among those planning new credit or refinancing activity, 34% intend to apply for a new personal loan, up from the previous quarter, while 29% plan to apply for a new credit card. A further 27% plan to use buy now, pay later services.

Fraud Exposure Rising as Digital Use Expands

Digital channels are also playing an increasingly important role in financial participation. Of the 30% who said they used digital banking services, around 46% reported using a digital bank, 56% used buy now, pay later services, and 23% engaged with digital or FinTech providers. This points to continued demand for speed and convenience, alongside the need for clear, responsible credit information.

As digital financial activity grows, identity protection remains an important concern. Around 56% of consumers reported being targeted by online, email, phone call, or text message fraud attempts in the past three months.

Among those targeted, the most common schemes were vishing (34%), smishing (33%), and phishing (31%). The study also found that 26% of consumers had been notified in the past three months that details about their identity or online accounts had been compromised in a data breach.

Consumers are taking some protective steps. In the past 60 days, 53% changed passwords because of cybersecurity concerns, 37% checked their credit reports, and 12% purchased internet security, anti-virus, or anti-malware protection. Yet uncertainty remains a barrier. Among consumers who took no action despite cybersecurity concerns, 56% said they were overwhelmed by what to do.

“As digital financial participation increases, security becomes a core part of financial confidence. Consumers need clear, practical guidance on how to protect their information and respond effectively when risks arise,” said Hatea.

Consumers Seek Control Amid Ongoing Financial Strain

Despite ongoing challenges, South African consumers remain financially engaged and active. Around 34% monitor their credit reports monthly, 13% weekly, and 6% daily. More than half (52%) believe their credit score would improve if businesses used information not found on standard credit reports, such as rental payments, short-term loan history, and buy now, pay later loans.

This reflects a broader shift toward financial visibility, as consumers look for tools and information to better manage their financial position in an uncertain environment.

The Q2 2026 Consumer Pulse Study highlights a market that is resilient but increasingly constrained. Households are adjusting spending, managing debt carefully, and seeking greater control, but persistent cost pressures are testing their capacity to absorb shocks.

“Consumers are doing their best to stay in control in a difficult environment,” Hatea concluded. “For lenders and financial service providers, the opportunity lies in supporting that effort, through transparent pricing, responsible access to credit, and tools that help consumers anticipate and manage financial stress before it escalates.”.

Consumers can get their free annual credit report from TransUnion here.

Read moreSouth Africans Under Strain as Inflation Persists

Ekurhuleni’s R2 Billion Cybercrime Scandal Proves Total Governance Collapse

Location: News

The Parliamentary Standing Committee on Public Accounts (SCOPA) recently revealed extensive cybercrime in the Ekurhuleni Metro, where cybercriminals are estimated to have stolen more than R2 billion from the Metro’s billing system over an extended period. This shocking revelation serves as further proof of the ANC-led coalition’s maladministration. Cybercriminals repeatedly breached the Metro’s billing system […]

The post Ekurhuleni’s R2 billion cybercrime scandal proves total governance collapse appeared first on Freedom Front Plus.

Read moreEkurhuleni’s R2 Billion Cybercrime Scandal Proves Total Governance Collapse

TransUnion Africa Appoints Michael Rogers as Chief Product Officer to Accelerate Client-Centric Innovation

Location: Business

TransUnion Africa, a global information and insights company, today announced the appointment of Michael (Mike) Rogers as Vice President (VP) and Chief Product Officer (CPO), effective 15 January 2026.

Rogers brings more than two decades of technology leadership, digital transformation, and product innovation experience across key African markets, including Botswana, Kenya, Rwanda, Namibia, Zambia, eSwatini, South Africa, and Malawi. His appointment underscores TransUnion’s commitment to developing market‑relevant, scalable solutions that enable organisations across Africa to grow responsibly, manage risk, and broaden access to financial services.

Most recently, Rogers served at Mastercard, where he led consulting engagement across the continent, developing new solutions for the payments ecosystem and driving performance for banking, fintech and digital commerce clients.

Prior to Mastercard, Rogers was Chief Executive Officer of Tarsus Technology Solutions, where he integrated multiple technology businesses spanning cybersecurity, infrastructure and networking and led group-wide digital transformation. He spent 18 years at Accenture, building and scaling technology consulting practices in South Africa, and was the first South African to attain Accenture’s Master Technology Architect certification.

In his new role, Rogers will lead TransUnion Africa’s end‑to‑end product strategy, with responsibility for advancing the product portfolio and strengthening sector‑specific solutions across banking, fintech, insurance, retail, automotive, telecommunications and digital commerce. His focus includes enhancing core credit and risk offerings, accelerating the responsible use of alternative data, and expanding fraud, identity and advanced analytics capabilities to meet evolving market needs.

Working closely with regional and global teams, Rogers will ensure TransUnion’s products are locally relevant, compliant and scalable across diverse African regulatory environments. A key priority will be simplifying product adoption and enhancing decisioning outcomes, enabling clients to more effectively acquire, serve and protect consumers in increasingly digital and data‑driven markets, while supporting inclusive growth across the continent.

Lee Naik, CEO and Regional President for TransUnion Africa, commented: “Mike brings an exceptional blend of technology, product and leadership experience, with a deep understanding of how data-driven products create commercial and social impact.  His appointment strengthens our ability to market-relevant solutions that help clients manage risk, grow responsibly and extend access to financial services across Africa.”

Rogers added: “TransUnion Africa sits at the intersection of trust, data and technology. My focus is to simplify adoption, improve decisioning quality and deliver products that create tangible value – helping our clients acquire, serve and protect customers in increasingly digital ecosystems. I am excited to partner with our teams and clients to bring the next generation of solutions to market.”

Read moreTransUnion Africa Appoints Michael Rogers as Chief Product Officer to Accelerate Client-Centric Innovation

South Africans Show Determined Optimism as They Adapt to Financial Pressures

Location: Business
  • 72% South Africans say they feel positive about their financial outlook for the next 12 months, showing resilience even as the cost of living remains high
  • Access to credit continues to shape financial confidence, with 91% viewing it as key to achieving their goals, though fewer than half (42%) believe they can access it easily
  • Online scams remain widespread, with 59% of consumers reporting recent fraud attempts, particularly phishing, vishing and gift card schemes

South African households are showing signs of meaningful financial adaptation amid ongoing cost pressures, according to TransUnion’s latest Q4 2025 Consumer Pulse Study. While inflation and affordability challenges persist, consumers are becoming more intentional in their financial management, tightening budgets, prioritising savings, and building greater digital and financial awareness.

“Consumers are entering 2026 with a renewed sense of financial discipline,” said Ayesha Hatea, director of research and consulting at TransUnion South Africa. “We’re seeing households make more deliberate choices, reducing non-essential spending, paying down debt and preparing for the future. This speaks to a financial confidence grounded in awareness and adaptability.”

Financial Adaptation in a High-Cost Environment

Nearly half (48%) of South Africans said their household finances were better than planned in Q4 2025, a sign of growing stability in an economy still defined by high living costs. Yet, 36% of consumers anticipate being unable to meet at least one bill or loan payment in full, revealing the continued strain on affordability.

In response, many households are taking deliberate steps to manage their finances. Half have reduced discretionary spending on non-essential activities such as dining out, entertainment, and travel, while more than a third (34%) have cancelled subscriptions or memberships. At the same time, 38% of consumers plan to increase their contributions toward retirement savings or investments, 35% are accelerating debt repayments, and 27% are setting aside more in emergency funds or stokvels.

These actions suggest that South Africans are not merely reacting to economic pressure but are intentionally strengthening their financial resilience. “Consumers are demonstrating a more strategic approach to money management,” said Hatea. “They’re preserving stability today while laying the groundwork for tomorrow.”

Younger Optimism Meets Experienced Caution

Generational insights reveal that financial resilience takes on different forms across age groups. Younger consumers, particularly Gen Z (18-28 years) and Millennials (29-44 years), tend to be the most optimistic about their financial future and are also the most likely to apply for new credit within the next year, with 42% and 39% expressing this intent, respectively.

In contrast, Gen X (45-60 years) and Baby Boomers (61+) demonstrate a more cautious approach, with only 33% and 9% likely to seek new credit, instead prioritising debt reduction and savings. Spending patterns further illustrate this divide: younger consumers plan to increase their spending on digital services such as internet and other discretionary activities like dining out or travel, while older generations indicate they will prioritise boosting retirement funds and strengthening emergency savings in the coming months.

Credit Access and Inclusion

Credit remains a vital tool for long-term financial mobility, with 91% of South Africans recognising its importance in achieving their financial goals. Yet, access to credit is uneven: only 42% feel they have adequate access, while 33% believe they do not. Despite this strong demand, just 36% plan to apply for new credit or refinance existing debt over the next year, with credit cards (30%), personal loans (28%), and car loans (20%) among the most popular products.

However, 44% of those who considered applying ultimately decided against it, citing barriers such as high borrowing costs (33%), fear of rejection due to their credit history (26%), and concerns over income or employment (24%).

“These findings highlight a need for more inclusive and transparent lending models,” said Hatea. “Consumers believe that a broader use of alternative data, such as rental or buy-now-pay-later payment histories can help extend fair access to credit while supporting responsible borrowing.”

Digital Fraud Threats Drive Demand for Simplified Protection Tools

Digital fraud continues to pose a significant threat to South Africans, with 59% targeted in Q4 and 12% falling victim. The most commonly reported schemes include money or gift card scams (32%), vishing (30%), phishing (29%), and smishing (27%). Despite these threats, 46% of consumers successfully detected and avoided fraud, reflecting growing vigilance. Among those affected by data breaches, 42% changed their passwords, 35% checked accounts for unauthorised activity, 30% closed compromised accounts, and only 16% signed up for identity monitoring.

In the past two months, reacting to security concerns, 58% changed passwords, 23% enabled multi-factor authentication, and 37% checked their credit reports. Yet, many remain unsure how to respond: 53% of those who took no action cited uncertainty about the steps to take, while 22% felt overwhelmed by cybersecurity information.

Empowered and Financially Aware Consumers

Financial awareness among South Africans continues to rise, with 93% recognising the importance of credit monitoring. Engagement with credit reports is also increasing, with 31% checking monthly, 16% weekly, and 8% daily.

Nearly half of consumers believe their credit score would improve if alternative data, such as rental payments or buy-now-pay-later histories, were considered, particularly among younger generations.

“This growing awareness of credit health is encouraging,” said Hatea. “Consumers are becoming more proactive and engaged, and that creates a powerful opportunity for businesses and lenders to support them with relevant, transparent financial tools.”

Building Financial Confidence for the Future

The Q4 findings paint a picture of a nation adapting with purpose, cautious but confident, pragmatic yet forward-looking. As South Africans continue to manage affordability pressures, the emphasis on long-term financial planning, inclusion, and protection is reshaping how consumers engage with the financial system.

“Resilience has become the defining characteristic of South African consumers,” said Hatea. “They’re not waiting for conditions to change, they’re taking control of their financial journeys, showing that confidence and caution can coexist.”

Consumers can get their free annual credit report from TransUnion here.

 

Notes to Editors: An online survey of 992 adults in South Africa was conducted between 25 September and 9 October 2025 by TransUnion with Dynata, using an online panel across desktop, mobile, and tablet. The survey, administered in English, included respondents aged 18 and older from all regions, with quotas applied to ensure demographic representation by age, gender, household income, race, and region. Generational groups were defined as follows: Gen Z (18–28), Millennials (29–44), Gen X (45–60), and Baby Boomers (61+).

Read moreSouth Africans Show Determined Optimism as They Adapt to Financial Pressures

South Africans Signal Cautious Confidence as Financial Habits Evolve

Location: Business
  • TransUnion’s Q2 2025 Consumer Pulse Study reveals strategic shifts in saving, borrowing, and fraud defence, with younger generations leading the way
  • 75% of South Africans expect their income to rise, but nearly 39% anticipate missing at least one bill or loan payment
  • 45% of Gen Z and 39% of Millennials plan to apply for credit, leading a shift toward more proactive financial habits
  • 58% of consumers were targeted by fraud in Q2, with many responding by strengthening their digital security

South African consumers are responding to ongoing financial pressures with increasing intent and vigilance. While inflation, high interest rates and job market uncertainty continue to weigh on household budgets, the latest TransUnion Consumer Pulse Study for Q2 2025* reveals a population adjusting not just defensively, but proactively. From rethinking spending and saving to becoming more discerning about credit and fraud, South Africans are adopting behaviours that suggest a shift toward long-term financial resilience, especially among younger generations.

“South Africans are showing resilience with purpose,” said Ayesha Hatea, director of research and consulting at TransUnion. “They’re not simply reacting to pressure, they’re taking charge, rebalancing their finances and protecting their future.”

Mixed Incomes, Bold Adjustments

While there are some positive signs, many households are still experiencing fluctuations in their income. In the second quarter, 21% of consumers said their household income had decreased, while 38% reported an increase. A majority of respondents (75%) are hopeful that their earnings will increase in the next year. However, this confidence exists alongside financial challenges, with nearly 39% of consumers reporting that they expect they might miss at least one bill or loan payment in the near future.

This financial pressure is driving noticeable changes in how people manage their money. More than half of consumers (54%) trimmed back on non-essential expenses like dining out, entertainment and travel. Many are also taking steps to strengthen their financial security; 31% paid down debt faster, 24% put more into emergency savings or stokvels and 37% planned to increase their retirement or investment savings.

Generational Differences Define the Shift

While overall behaviours are trending positive, the evolution is not uniform across age groups. Younger consumers, particularly Gen Z (ages 18-28) and Millennials (29-44) are emerging as drivers of this transformation. They are more likely to apply for credit, monitor their credit reports frequently and adopt security tools like multi-factor authentication.

Forty-five percent of Gen Z respondents and 39% of Millennials indicated they plan to apply for or refinance credit in the next year, compared to just 27% of Gen X (45-60) and 15% of Baby Boomers (61+). They are also the most engaged in monitoring their credit monthly and believe that access to alternative data, such as rental or Buy Now Pay Later (BNPL) payment histories, would improve their credit scores.

“Younger South Africans are embracing financial tools with growing confidence,” Hatea added. “They’re more comfortable with digital platforms, increasingly aware of how their financial choices affect their long-term goals, and, as a result, are more proactive about managing their credit.”

Cautious Credit Intent Amid Access Concerns

While 92% of consumers believe access to credit is important to achieving their financial goals, only 36% intend to apply for credit in the coming year, a figure that has remained stable since Q1. This cautious demand reflects continued uncertainty around employment, income and affordability.

Consumers favour unsecured lending, with credit cards (30%), personal loans (28%) and BNPL services (25%) attracting the most interest. Interest in secured lending remains comparatively low, with only 22% planning to apply for vehicle finance and 19% expressing interest in home loans.

Still, barriers remain. Nearly half (48%) of consumers said they had considered applying for credit but ultimately decided not to. The main reasons were income/ employment status (30%), high borrowing costs (29%) and concerns about their credit history (27%). Overall, 45% of consumers believed they would be approved if they applied for credit. While this figure reflects general sentiment, optimism tends to be higher among those who actively monitor their credit, suggesting a link between financial awareness and confidence.

Digital Fraud on the Rise, but So Is Awareness

As digital engagement grows, so does the threat of fraud. In Q2 2025, 58% of South Africans reported being targeted by fraud schemes, a decrease from the previous quarter (61%) with 13% confirming they had fallen victim. The most common scams included gift card or money transfer scams (33%), phishing (31%), smishing (30%) and third-party seller scams (28%).

Consumers are responding with heightened vigilance in response to cyber security concerns. A majority (59%) changed their passwords, 39% checked their credit reports and 25% added multi-factor authentication. Gen Z and Millennials were the most likely to take protective action, a likely result of both their greater exposure to digital platforms and higher awareness of evolving scam tactics. Alarmingly, 21% of consumers said they took no action at all, often citing uncertainty about what to do. This highlights the ongoing need for stronger cybersecurity and fraud education, and accessible protection tools.

“Consumers are trying to keep pace, but the threat landscape is evolving quickly,” said Hatea. “What we need now is a national conversation, one that gives all South Africans the knowledge and resources to protect their identities in a digital-first world.”

A Financial Turning Point

The Q2 2025 Consumer Pulse Study reveals a country making deliberate financial choices in the face of uncertainty. South Africans are shifting from survival mode to a more balanced, future-focused financial mindset. While challenges remain, the direction is clear; consumers are becoming more selective in how they spend, more strategic in how they borrow and more vigilant in how they protect themselves.

“At TransUnion, we believe these shifts represent not just resilience, but growth,” concluded Hatea. “South Africans are taking ownership of their financial journeys and in doing so, they’re laying the groundwork for lasting stability and inclusion.”

Consumers can get their free annual credit report from TransUnion here.

* This online survey of 922 adults was conducted May 5–25, 2025

Read moreSouth Africans Signal Cautious Confidence as Financial Habits Evolve

Showcase Your Brand at the Data Privacy and Protection Conference 2026

Location: News

Join us on 28–29 January 2026 at the Indaba Hotel, Fourways, for South Africa’s premier gathering of data privacy leaders, regulators, legal experts, and technology innovators. Hosted by Umbono Conferences and Events the Data Privacy & Protection Conference offers a unique platform for organisations to showcase their expertise and position themselves as trusted leaders in …

Read moreShowcase Your Brand at the Data Privacy and Protection Conference 2026

14% Increase in Spyware Attacks on Businesses in Africa

Location: News
Kaspersky

As part of the company's participation at the GITEX Africa conference, taking place in Morocco on 14-16 April 2025, Kaspersky (www.Kaspersky.co.za) will address the dynamics for cyberthreats in the African region as per the latest anonymised data from the Kaspersky Security Network (KSN)[1]. From 2023 to 2024 businesses in Africa were targeted by web threats, on-device threats, and attacks aiming to steal data, including spyware and password stealers. Phishing and ransomware continue to be significant threats in the region, with 66 million phishing link clicks seen by Kaspersky in the African region in 2024, including over 14.8 million phishing link clicks by corporate users.

Web-based threats, or online threats, are a category of cybersecurity risks that may cause an undesirable event or action affecting users browsing the Internet. According to Kaspersky data, there were 131 580 587 web threats detected in 2024 in the African region, including almost 20 million attack attempts in Kenya, almost 17 million in South Africa, and 12.6 million in Morocco. Businesses were targeted by web threats more often in 2024 than in 2023, with threat detections increasing by 1.2%.

Local (on device) threats include malware that is spread via removable USB drives, CDs and DVDs, or that initially makes way onto the computer in non-open form (for example, programs in complex installers, encrypted files, etc.). According to Kaspersky telemetry, local (on device) threat detections in organisations in the African region in 2024 increased by 4% compared to 2023. Among the countries that saw growth in local threats detected in organisations were Nigeria (169% increase), Ethiopia (86%), South Africa (32%), Senegal (11%), and Morocco (9%).

There has been a spike of threats related to data theft. According to Kaspersky data, there was a 14% growth in spyware attack detections on businesses in the African region from 2023 to 2024. Spyware is secretly installed on a user's computer to monitor their actions and collect their data. Apart from that, there has been a 26% increase in password stealer detections. Password stealers are a type of malware designed to harvest login credentials and other sensitive data.

“Our statistics show an increase in attack detections for several types of cyberthreats, and the factors driving these increases are multifaceted. In the B2B sector, the continuing shift toward hybrid work models and the rush to digitise operations — often outpacing cybersecurity investments — may leave businesses in Africa exposed to advanced persistent threats. In the B2C space, the explosion of digital financial services, coupled with low digital literacy rates, makes individuals prime targets for opportunistic attacks,” comments Maher Yamout, Lead Cybersecurity Researcher with Kaspersky Global Research and Analysis Team. “Organisations in Africa should prioritise a unified approach by enhancing collaboration, investing in specialised cybersecurity training, and promoting digital literacy to effectively combat the rising tide of cybercrime. Initiatives like the African Cyber Surge operation and targeted educational programs can serve as blueprints for building a resilient digital ecosystem across the continent.”

To stay protected, Kaspersky suggests following the recommendations below.

Individual users:

  • Do not download and install applications from untrusted sources.
  • Do not click on any links from unknown sources or suspicious online advertisements.
  • Always use two-factor authentication when available. Create strong and unique passwords, using a mix of lower-case and upper-case letters, numbers, and punctuation. Use a reliable password manager to help to remember them.
  • Always install updates when they become available; they contain fixes for critical security issues.
  • Ignore messages asking to disable security systems for office or cybersecurity software.
  • Use a robust security solution appropriate to your system type and devices, such as Kaspersky Premium (apo-opa.co/3G2yjUZ).

Organisations:

  • Always keep software updated on all the devices you use to prevent attackers from infiltrating your network by exploiting vulnerabilities.
  • Do not expose remote desktop services (such as RDP) to public networks unless absolutely necessary and always use strong passwords for them.
  • Use solutions such as Kaspersky NEXT EDR Expert (apo-opa.co/4ifQ8NV) for comprehensive visibility across all endpoints on a company's corporate network to get superior defense, automate routine EDR tasks, enable analysts to speedily hunt out, prioritise, investigate, and neutralise complex threats and APT-like attacks.
  • Use the latest Threat Intelligence (apo-opa.co/3XVFTa3) information to stay aware of actual TTPs used by threat actors.
  • Back up corporate data regularly. Backups should be isolated from the network. Make sure you can quickly access the backups in an emergency if needed.

The Kaspersky stand at GITEX Africa (https://GITEXAfrica.com) in Morocco will be located in Hall 13, 13C-20, while a keynote titled “When AI/ML fails in cybersecurity, humans are the last line of defense” will take place at the Dark Stage on April 15 at 2:10 PM.

Reference:

[1] Data sent to Kaspersky is anonymized and protected, even in transit, in accordance with stringent industry standards including encryption, digital certificates, segregated storage and strict data access policies. Learn more about KSN here: www.Kaspersky.com/KSN

Distributed by APO Group on behalf of Kaspersky.

For further information please contact:
Nicole Allman
INK&Co. (https://INKandCo.co.za)
nicole@inkandco.co.za

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About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.

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Read more14% Increase in Spyware Attacks on Businesses in Africa

BFSI Security Summit 2025 to Address Rising Cybersecurity Threats in Africa’s Financial Sector

Location: News

IT News Africa
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The BFSI Security Summit 2025 is set to take place on May 7, 2025, at the Radisson Blu Gautrain, Sandton, Johannesburg, bringing together leading cybersecurity experts, IT decision-makers, and industry pioneers to tackle the growing cyber risks facing Africa's banking, financial services, and insurance (BFSI) sector.

Cybersecurity remains a top concern for financial institutions in Africa. In 2024, the Bank of Uganda fell victim (apo-opa.co/3QWE6h6) to an offshore hacking group known as “Waste,” resulting in the theft of approximately $16.8 million. Additionally, ZB Financial Holdings in Zimbabwe experienced a ransomware attack (apo-opa.co/4jaBBUi) in July 2024, leading to significant data leaks affecting customer and operational information. More recently, in South Africa, Standard Bank confirmed that it experienced a data breach (apo-opa.co/3YaVJ0q) that involved limited personal and financial information. These incidents underscore the urgent need for robust cybersecurity strategies within the BFSI sector.

Why Attend?
The BFSI Security Summit is the premier platform for CISOs, CIOs, IT directors, and cybersecurity leaders to explore the latest strategies and technologies to secure Africa's financial landscape. Key topics on the agenda include:

  • Ransomware and Data Breaches: Strengthening cybersecurity resilience in banking and insurance.
  • Securing Emerging Tech: Mitigating risks in AI, blockchain, and cloud adoption.
  • Data Privacy and Compliance: Navigating Africa's evolving regulatory landscape.
  • Incident Response in BFSI: Best practices in breach management and risk mitigation.

“Cybercrime is evolving at an alarming rate, and financial institutions in Africa are prime targets. The BFSI Security Summit will provide a crucial platform for industry leaders to collaborate, share insights, and implement strategies to safeguard their organizations,” says Abe Wakama, CEO of IT News Africa.

Who Should Sponsor & Exhibit?
The summit offers a unique opportunity for cybersecurity solution providers, fintech innovators, and IT security firms to showcase their expertise and connect with key decision-makers. Sponsors will benefit from high-impact brand visibility, lead generation, and networking with top BFSI executives.

How to Get Involved

  • To attend: Register here: BFSI Security Summit Registration (apo-opa.co/3FIK7M6)
  • To sponsor or exhibit: Download the sponsorship brochure: Sponsorship Opportunities (apo-opa.co/4cc9jqr)

To speak at the event: Apply here: Become a Speaker (apo-opa.co/4j8Q6b8)

For media inquiries, sponsorship, or speaking opportunities, contact events@itnewsafrica.com.

Join us in shaping the future of BFSI cybersecurity in Africa!

Distributed by APO Group on behalf of IT News Africa.

Media Contacts:
Abe Wakama
0120125801
events@itnewsafrica.com

Read moreBFSI Security Summit 2025 to Address Rising Cybersecurity Threats in Africa’s Financial Sector

Africa Tech Festival Announces Leadership Council for 2025

Location: Business
Africa Tech Festival

Africa Tech Festival (www.AfricaTechFestival.com), the continent's leading platform for technology innovation and connectivity, is proud to announce the esteemed members of its Leadership Council for 2025. Comprising influential leaders from across Africa's technology, business, and investment sectors, the Leadership Council will play a pivotal role in shaping the festival's agenda, ensuring it remains at the forefront of industry trends, policy discussions, and digital transformation.

The Africa Tech Festival 2025 Leadership Council comprises of:

  • Brelotte Ba, Deputy CEO of Orange Middle East and Africa, Orange​
  • Antoinette Kwofie, Chief Financial Officer, MTN Ghana
  • Bunmi Adeleye, Chief Strategy Officer, Retail Supermarkets Nigeria (Shoprite Nigeria)
  • Charles Murito, Regional Director, Government Affairs & Public Affairs, Sub-Saharan Africa, Google​
  • Dido wa Kalonji, Chief Information Officer, First National Bank – Eswatini​
  • Faith Burn, Chief Information Officer, Eskom​
  • Nicolas Pompigne-Mognard, Founder and Chairman, APO Group​
  • Nina Triantis, Global Head Telecoms, Media and Technology, Client Coverage, Corporate and Investment Banking, Standard Bank​
  • Nomsa Chabeli, Group CEO, SABC​
  • Mary Mahuma, Chief Information Officer, Southern Africa, Philip Morris​
  • Philip Besiimire, CEO, Vodacom Tanzania​
  • President Ntuli, Managing Director, South Africa, Hewlett Packard Enterprise​
  • Ravi Bhat, Chief Technology and Solutions Officer, Microsoft Africa​
  • Ayanda Peta, Chief Information Security Officer, African Rainbow Minerals​
  • Richard Cazalet, Executive: Strategy and Transformation, Telkom SA​
  • Shamiela Letsoalo, Director: Public Affairs, Naspers Limited

Bringing together a wealth of expertise, the Leadership Council will provide strategic guidance to ensure Africa Tech Festival continues to address the most pressing issues and opportunities within Africa's digital economy. Their insights will help drive meaningful discussions on connectivity, AI, fintech, cybersecurity, cloud, and the future of digital infrastructure across Africa.

“Africa Tech Festival serves as a platform for connection, collaboration, and innovation across the continent,” said James Williams, Event Director of Africa Tech Festival. “With the guidance of our Leadership Council, we will continue to curate an event that drives impactful conversations, supports industry growth, and fosters Africa's position as a global technology leader.”

Distributed by APO Group on behalf of Africa Tech Festival.

Media Contact:
Tori Wilson
Senior Marketing Manager
tori.wilson@informa.com

About Africa Tech Festival 2025:
Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together over 15,000 technology leaders, policymakers, investors, startups, and visionaries. The festival encompasses four anchor events:

  • AfricaCom – The continent's largest telecoms and connectivity event
  • AfricaTech – The hub for technology, innovation, and enterprise growth
  • AfricaIgnite – Driving growth and impact in Africa's startup ecosystem
  • The AI Summit Cape Town – Where commercial AI comes to life

With over 500 speakers, 300 exhibitors, and multiple networking opportunities, Africa Tech Festival remains the largest and most influential tech event on the continent.

For more information about Africa Tech Festival 2025 and its Leadership Council, visit www.AfricaTechFestival.com.

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JETA Holding Expands its Vision for FinTech in Africa Following the Inclusive FinTech Forum 2025

Location: Business

JETA Africa Holding
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During the Inclusive FinTech Forum 2025, JETA Holding (www.JETAHolding.com) reinforced its commitment to FinTech and trade expansion in Africa, leveraging its expertise in other industries, including healthcare and technology-driven solutions to position itself as a key player in the region's digital transformation.

At the event, JETA engaged with leading industry stakeholders, established connections with potential partners, and explored investment opportunities to accelerate FinTech adoption and financial inclusion across Africa.

Haim Taib, Founder & President of Mitrelli Group and JETA Holding, emphasized on stage:
"FinTech is not just about technology—it's about unlocking opportunity, fostering inclusion, and driving economic transformation. Across Africa, a new generation of creative entrepreneurs is emerging, bringing bold ideas and innovations that have the potential to redefine industries. However, true progress requires more than innovation; it demands the collective commitment of governments, private capital, and human talent working together to turn potential into impact. This is why JETA is making strategic investments in FinTech—not just to connect people, businesses, and communities with financial tools, but to lay the foundation for long-term, sustainable growth."

With a strong foundation in healthcare, cybersecurity, and ICT, JETA is expanding into FinTech and trade, leveraging its experience in complex regulatory environments and established relationships with governments, banks, and regulators.

JETA operates through three core subsidiaries:

  • Luanda Medical Center (LMC) – A leading hospital and clinic in Luanda, Angola, delivering high-quality healthcare services.
  • Yapama – A medical equipment and consumables distribution company with operations in Angola, Senegal, and Côte d'Ivoire.
  • New Cognito – A cybersecurity and ICT services company, well established in Angola. 

As JETA enters FinTech and trade, the company is looking to bridge financial technology with real-sector applications, including digital payments, lending, trade finance, and financial inclusion solutions.

JETA is actively seeking partnerships with investors, FinTech startups, and financial institutions to drive innovation and scale financial solutions across key African markets.

Doron Ben Sira, CEO of JETA Holding, added:
"FinTech is one of the most dynamic and transformative sectors in Africa, with enormous potential to accelerate financial inclusion and unlock new trade opportunities. At JETA, we don't just invest in technology—we invest in building strong ecosystems. We connect capital, expertise, and markets to ensure that financial innovation doesn't just grow but establishes itself as a sustainable engine for development. We are actively seeking the best companies and partnerships to build a more integrated and accessible digital future in Africa."

Expanding Across Africa

JETA is more than an investor—it is a business accelerator and growth enabler. Through its subsidiaries and strategic investments, JETA is building an ecosystem that connects technology, capital, and local expertise.

As part of its FinTech and trade expansion, JETA is focusing on high-growth markets, including Nigeria, South Africa, Kenya, Ghana, Côte d'Ivoire, Ethiopia, Rwanda, Tanzania, Senegal, Mauritius, and Uganda.

With a proven track record in market expansion, JETA is committed to leveraging its regional presence and deep industry networks to build scalable and impactful financial solutions across the continent.

Distributed by APO Group on behalf of JETA Africa Holding.

For more information or to schedule interviews with JETA Holding's spokespersons, please contact:
Doron Ben Sira
+357 9974 3916
info@jetaholding.com

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SA positioned to navigate challenging geopolitical situation – WEF President

Location: News

SA positioned to navigate challenging geopolitical situation – WEF President

Amidst a fragmented geopolitical landscape, the President and CEO of the World Economic Forum, Børge Brende, has expressed support for South Africa’s Group 20 (G20) Presidency.

“In such a polarised, fragmented world as [the] backdrop of this G20 leadership, I think South Africa is especially well positioned to handle this very complicated geopolitical situation,” Brende said on Tuesday.

Brende was addressing the Business 20 (B20) -- the official dialogue forum for domestic and international business communities.

In his address, he stated that South Africa has extensive experience in managing competition and its history.

“It’s not an easy G20 to take on but that’s a reality with the geopolitical backdrop that [it] is happening against,” Brende said.

He said the current geopolitical situation is a priority for everyone, making the global business voice more crucial than ever.

“The last weeks have shown us we have to fasten our seat belts and even getting people that don’t agree [with us] in the same room is not almost an achievement. I saw that in Davos this year when people don’t agree [with you] they don’t want to even discuss [matters]. But to break impasses at least, you must start with the dialogue and sit in the same room and say, ‘this is important to me’.

“Sherpas can then try to find some solutions, because the solutions are so incredibly important…,” he said.

With South Africa set to host the G20 Leaders' Summit later this year, Cape Town hosted the two-day B20, which began on Monday.

Western Cape Premier Alan Winde previously said  that the province and Cape Town look forward to welcoming the world once again.

READ | Cape Town to host B20 meeting 

The gathering focused on the theme “Inclusive Growth and Prosperity through Global Participation.”

Brende said the private sector has a key role to play in mobilising investment, driving innovation, and finding solutions to shared challenges.

“That means that if you want to get anything done, you also must work with the business sector. That’s the only way to also get investments and fresh money,” he explained. 

He described Africa, with its fast-growing economies and young workforce, as poised to shape the future. 

The African Continental Free Trade Area (AfCFTA) alone has the potential to unlock $450 billion in economic gains over the next decade.

The World Economic Forum, he said, has a long-fostered collaboration between business and government, and is committed to supporting this effort through initiatives such as the First Movers Coalition that pushes for green technologies.

“Now is the time for the B20 and G20 to work together to accelerate sustainable growth, strengthen global trade, and ensure that economic progress benefits all. 

“South Africa’s long-standing commitment to cooperation serves as a powerful example of what is possible when we find common ground.”

Brende also touched on the key challenges including climate change, cybercrime, and the need for global consensus on issues like carbon dioxide (CO2) emissions and cybersecurity. 

Despite the geopolitical tensions, Brende stated that the global economy is expected to grow by over 3% this year.  

“Trade is expected to grow by 3%, however, the growth we are seeing in trade is not coming from traditional manufacturing goods. Digital trade and services are projecting significant growth. The biggest game changers over the next few years will be new technologies.”

He said the technological advancements, particularly in artificial intelligence (AI) and machine learning, could boost productivity by 10% in a decade. 
– SAnews.gov.za

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Young Users Can’t Live Without Gadgets, but Have Little Safety Guidance

Location: News
Kaspersky

According to a recent Kaspersky (www.Kaspersky.co.za) survey*, 91% of parents surveyed in South Africa and 89% of parents surveyed in the Middle East, Turkiye and Africa (META) region use gadgets to entertain and occupy their children while traveling or to gain some free time for themselves. Moreover, half (50%) of children in South Africa and over half (52%) of children in the META region receive their first personal device – a smartphone or tablet – quite early, at the age of 3-7 years. However, 26% and 22% of respondents respectively have not discussed Internet safety rules with their children. This means that some of the children, who are often left one-on-one with their devices, are not always aware of how to behave safely online. 

The children themselves admit that gadgets play a significant role in their lives. According to their own admission, 72% in South Africa and 78% in the META region cannot live without their gadgets. Smartphones, tablets and game consoles are at the top of the list of the most desirable devices for children. This emphasises the critical need for children to understand that they can be exposed to threats online, what this means and how to safely navigate this through appropriate device rules and guidelines.    

“Most parents give their children gadgets in order to entertain them, spare some time for themselves or calm down their kids. However, children shouldn't use digital devices uncontrolled. Rather parents should monitor their child's digital life better. This can be done by limiting screen time and holding conversations, however, a security solution is also needed”, comments Seifallah Jedidi, Head of Consumer Channel in the Middle East, Turkiye and Africa at Kaspersky. 

“Applying parental control is not showing distrust to your child; it's a sensible precaution with which you can, among other things, protect the device and the data on it. It allows parents to control which sites their children visit and which games they play, as well as disallowing file downloads, blocking access to content on unwanted topics and preventing the disclosure of confidential information. This way, Kaspersky's technologies help protect finances and confidential data from cybercriminals, and protect children from the risks that may lurk in the online environment”, he adds. 

Kaspersky suggests protecting children with the following proactive measures: 

  • Parents can create a safer online environment for their children by staying informed about the latest threats and actively monitoring their children's online activities.  
  • It's crucial for parents to have open communication with their children about the potential risks they may encounter online and to enforce strict guidelines to ensure their safety. 
  • To secure your child from downloading any malicious files during their online experiences, we advise installing a trusted security solution on their device. 
  • With the right tools such as Kaspersky's digital parenting app Safe Kids (https://apo-opa.co/3D0IQij), parents can effectively safeguard their children against cyber threats in the digital space. 

*The survey was conducted by Toluna research agency at the request of Kaspersky in 2023. The study sample included 10000 online interviews (5000 parent-child pairs, with children aged 3 to 17 years) in 5 countries: Türkiye, South Africa, Egypt, Saudi Arabia, and the UAE. 

Distributed by APO Group on behalf of Kaspersky.

For further information please contact: 
Nicole Allman 
INK&Co. (https://apo-opa.co/3EIX1Jr)
nicole@inkandco.co.za    

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About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.   

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Over Half of Africans Fear Financial Losses From Cybercrime, Survey Finds

Location: News
KnowBe4

According to a recent survey conducted by KnowBe4 AFRICA (www.KnowBe4.com), 58% of respondents are very concerned about cybercrime, a figure which has almost doubled from 29% in 2023. Fear of online fraud and losing money remain their top concern, given the increasing sophistication of AI-assisted cyberthreats.

The cybersecurity landscape in Africa is rapidly evolving and presents both significant challenges and opportunities (http://apo-opa.co/3EK2IH1). Africa has seen a notable increase in cybercrime (http://apo-opa.co/434M677), with ransomware, digital extortion and online scams being particularly prevalent. South Africa, for instance, lost $3 billion to digital banking and mobile app crime in 2023, according to the SA Banking Risk Information Centre (http://apo-opa.co/4k4oUvu). Cybercriminals are using increasingly sophisticated methods, including AI-generated content (http://apo-opa.co/434M677) to impersonate officials and executives, while social engineering attacks become more advanced.

In response to these concerns, KnowBe4 conducted a survey to determine how prepared Africans are for cybersecurity threats. This survey, which has been done annually since 2019, polled 800 adults across seven African countries: Morocco, South Africa, Nigeria, Ghana, Egypt, Kenya and Botswana. “The goal of the survey was to assess respondents' cybersecurity awareness, digital habits and online security practices,” says Anna Collard, SVP Content Strategy and Evangelist at KnowBe4 AFRICA. “Many challenges remain the same, but some are new, such as the alarming rise of deepfake technology.”

Increased adoption of mobile banking

One of the survey's key findings is that the Africans are more concerned about cybercrime than they were two years ago (http://apo-opa.co/4k0SAK8). The percentage of respondents who said they were “very concerned” about cybercrime almost doubled to 58% in 2025, compared to 29% in 2023 [1]. Fear of online fraud and losing money remained their top concern.

Another important insight is that the use of smart phones in Africa is on the rise. Mobile data usage increased from 71% in 2023 to 75% in 2025. Added to this was the fact that the use of mobile financial services, both for payments and banking, increased significantly from 63% to 85%. “The rise in mobile banking and payments indicates greater financial inclusion through digital means, which is generally positive for economic development in Africa,” asserts Collard. “However, an increase in mobile banking and payments also increases the attack surface for cybercriminals, which underscores the importance of mobile-centric security education.”

WhatsApp for work

A further interesting trend is that although WhatsApp is traditionally used for sharing messages with friends and family, work-related usage of WhatsApp increased slightly from 89% in the previous poll to 93% in this year's survey. Other popular apps used by respondents for work were email, Facebook, Instagram, LinkedIn and Zoom.

“The increase in WhatsApp usage for work shows a further blurring of lines between users' personal and professional lives,” comments Collard. “This can lead to increased risks, as personal devices may not have the same level of security as corporate-managed devices.”

Privacy concerns are fading

A worrying trend that emerged is the level of ease with which African users give away their personal information. The percentage of respondents “very unlikely” to give away personal information almost halved from 29% in 2023 to 14% in 2025. The survey found that 14% of respondents are comfortable sharing personal information, with 8% saying they are likely to do so if they can get something in return, such as a discount, and 6% saying they share personal information all the time.

“This is a concerning trend and reveals the need for more training on personal security,” asserts Collard. “This is further emphasised by the lack of understanding among respondents about what constitutes a strong password and multi-factor authentication.” Understanding of strong passwords slightly decreased from 62% in 2023 to 58% in 2025, while comprehension of multi-factor authentication remained stable at around 58%.

“The latest survey aims to identify key vulnerabilities that should be a priority for individuals, organisations and policy makers,” states Collard. She believes the survey highlights areas that should be addressed in 2025 to achieve strong and strategic cybersecurity. “Despite increased concern about cybercrime among the survey's respondents, there are still gaps in knowledge and practice that need to be addressed to improve overall cybersecurity posture across the continent,” she concludes.

To read the full KnowBe4 African Cybersecurity & Awareness Report 2025, click here (http://apo-opa.co/3X4alhO).

[1] No survey was conducted in 2024.

Distributed by APO Group on behalf of KnowBe4.

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Companies Plan to IT Security Budgets up to 9% in the Next Two Years

Location: Business
Kaspersky

Companies are planning to increase their investments in information security against the background of growing financial losses from cyber incidents. This trend was revealed in the recent Kaspersky's (www.Kaspersky.co.za) IT Security Economics report.

Kaspersky IT Security Economics is an annual report that unpicks the changes in budgets, breaches and business challenges affecting IT Security decision makers. It is based on interviews with IT and IT security professionals working in organisations of various sizes and industries. The survey was conducted across 27 countries in Europe, the Asia-Pacific region, the Middle East, Turkiye and Africa (META) region, Latin and North America.

According to the research, companies plan to increase their IT security budgets by up to 9%. The median cybersecurity budgets for large enterprises were $5.7M with $41.8M allocated for IT generally, while SMBs invested $0.2M in IT security from a median IT budget of $1.6M.

Possible reasons for the increased investment can be found in the analysis of financial losses from cyber incidents. Large enterprises experienced an average of 12 incidents this year, spending $6.2M to recover from them — 1.1 times higher than the budget allocated for IT security overall. Despite the greater resources and advanced security infrastructures, the sheer scale and complexity of large enterprise organisations make them more susceptible to costly breaches. While these enterprises are often better equipped to detect incidents quickly, the time required to fully respond and mitigate these threats can span for hours, underscoring the challenge of managing widespread, complex IT environments.

As for SMBs, these organisations experienced an average of 16 incidents this year, while spending $0.3M for remediation, which is 1.5 times higher than their overall IT Security budget. SMBs are the most disproportionately affected group in terms of budgetary impact. They often lack robust cybersecurity policies and procedures, which leaves them vulnerable to incidents involving employees, public cloud misconfigurations, and high-level permissions.

In the META region, organisations of all sizes reported to have experienced on average 13 incidents within a year. In South Africa, organisations of all sizes reported to have experienced on average 19 incidents within a year.

“This data illustrates the continuation of the current trend of increasing cybersecurity spending across all market segments. This growth is driven by at least three key factors. Firstly, and obviously, the constant growth in the complexity of cybersecurity threats forces companies to adopt more advanced solutions to enhance the detection of attack traces and automate responses. Secondly, increasing concerns from governments regarding digital sovereignty leads to the emergence of new regulations and regulatory requirements and, as a result, increased expenses. The third factor influencing the growth of cybersecurity budgets and costs is the constant increase in salary expectations for professionals in various cybersecurity fields,” comments Veniamin Levtsov, Vice President, Center of Corporate Business Expertise at Kaspersky.

To protect companies against a wide range of cyber threats, Kaspersky recommends:

  • Use all-encompassing solutions, such as those from the Kaspersky Next (https://apo-opa.co/3VwBRnf) product line, that provide real-time protection, threat visibility, advanced investigation and response capabilities for companies of any size and industry.
  • Adopt a managed security service such as Kaspersky Managed Detection and Response (https://apo-opa.co/49pxUXj) if companies lack qualified InfoSec professionals. It will provide the necessary expertise and give them the best possible advanced automated security services. Thanks to its analysis of corporate data gathered every day, in real time, 24/7, it can shield businesses against sophisticated cyberattacks.
  • Educate your employees. Dedicated training courses can help, such as those provided in the Kaspersky Automated Security Awareness (https://apo-opa.co/3VtJyuu) Platform.

To gain more insights about IT security costs and budgets in businesses visit the interactive IT Security Calculator (https://Calculator.Kaspersky.com).

To read the full report “IT Security Economics”, that is based on a survey conducted in Brazil, Chile, China, Egypt, France, Germany, India, Indonesia, Italy, Japan, Kazakhstan, Saudi Arabia, Malaysia, Mexico, Pakistan, Philippines, Russia, South Africa, South Korea, Singapore, Spain, Thailand, Turkey, Vietnam, UAE, UK and US, visit the website (https://apo-opa.co/3Zp3ik9).

Distributed by APO Group on behalf of Kaspersky.

For further information please contact:
Nicole Allman
INK&Co. (https://INKandCo.co.za)
nicole@inkandco.co.za

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About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.

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Kaspersky Predicts AI and Privacy to Shape Consumer Cybersecurity Landscape in 2025

Location: Business
Kaspersky

According to Kaspersky's (www.Kaspersky.co.za) latest report, artificial intelligence (AI) will become an integral part of daily life, while privacy concerns around biometric data and advanced technologies will take center stage in 2025. These forecasts are part of the annual Kaspersky Security Bulletin series, which provides an outlook on the cybersecurity trends and threats expected to impact consumers in the coming year.

AI becomes an everyday reality

AI is predicted to fully integrate into daily life in 2025, becoming a standard tool rather than a novel technology. With prominent operating systems like iOS and Android rolling out AI-enhanced features, people will increasingly rely on AI for communication, workflows, and creative tasks. However, this normalisation also brings challenges, particularly as personalised deepfakes become increasingly sophisticated in the absence of reliable detection tools.

Privacy regulations will expand user data ownership

The growing emphasis on privacy is expected to lead to new regulations that strengthen user control over personal data. By 2025, individuals may gain the right to monetise their data, transfer it easily across platforms, and benefit from simplified consent processes. Global frameworks, such as the EU's GDPR, California's CPRA and South Africa's POPIA, continue to inspire reforms worldwide, while decentralised storage technologies could further strengthen user autonomy over their information.

Fraudsters will continue to exploit premieres and releases

Cybercriminals are expected to target prominent gaming, console, and film launches in 2025. Titles like Mafia: The Old Country, Civilization VII, and Death Stranding 2, as well as the anticipated Nintendo Switch 2, are likely to attract scams involving fake pre-orders, counterfeit rootkits, and malicious downloads. Similarly, blockbuster films like Superman and Jurassic World Rebirth may trigger phishing campaigns and counterfeit merchandise fraud aimed at enthusiastic fanbases.

Political polarisation will fuel cyberbullying

Increasing political polarisation is expected to exacerbate cyberbullying in 2025. Social media algorithms that amplify divisive content, combined with the widespread availability of AI tools for creating deepfakes and doctored posts, are likely to intensify online harassment. Cross-border cyberbullying could also escalate as global platforms facilitate the targeting of individuals based on their political beliefs.

Rising number of subscription services will fuel fraud risks

As the global economy shifts further towards subscription-based models, a rise in fraud related to fake subscription promotions is expected. Cybercriminals are expected to create counterfeit services that mimic legitimate platforms, aiming to deceive users into providing personal and financial information, resulting in identity theft and financial losses. Additionally, the growth of unofficial resources that provide discounted or free access to subscription services is expected to become a significant threat vector, exposing users to phishing attacks, malware, and data breaches.

Prohibition of social media for children may lead to broader user restrictions

Australia's proposed legislation to ban social media access for children under 16 could set a global precedent. If implemented successfully, the restriction could pave the way for broader limitations on access for other demographics. Platforms like Instagram have already begun adopting AI-powered age-verification systems, signaling a shift toward stricter governance of online spaces.

“As we look to 2025, the most significant impact on consumers is expected to arise from the intersection of innovation and regulation. Advances in AI, privacy protection, and data ownership frameworks will reshape the way people interact with technology and manage their digital lives. These developments hold immense potential but also demand careful oversight to ensure they serve consumer interests,” said Anna Larkina, Kaspersky privacy expert.

To learn more, visit Securelist.com.

To stay safe, Kaspersky experts also recommend:

  • Enable a safe browsing feature, such as the one in Kaspersky Premium (https://apo-opa.co/3BdtgPp), to help avoid Internet tracking. This feature also protects users from dangerous sites (like phishing ones), malware, and other maliciously installed files and extensions. 
  • Configure your social networks for enhanced privacy to make a difference. Services such as Privacy Checker (https://Privacy.Kaspersky.com) can help users adjust privacy settings and strengthen the protection of their personal accounts. In addition, modern security solutions often include features that enhance privacy levels across various social networks.
  • Opt for secure and private connections. Avoid using public Wi-Fi networks for sensitive activities. Consider using a reliable VPN (https://apo-opa.co/3Bcqz0y) to encrypt your Internet connection and protect your online activities from being monitored.
  • Install apps only from official stores like the Apple App Store, Google Play or the Amazon Appstore. Although apps from these markets are not 100 percent failsafe, at least they are checked by store representatives, and a filtration system is in place - not every app is authorised for listing on these platforms.
  • Download a reliable security solution (https://apo-opa.co/3BdtgPp) to help you detect malicious apps and adware before they can harm your device.
  • Don't share serial numbers, IP addresses and other sensitive information regarding your smart devices on social networks.
  • Avoid using unreliable passwords. Weak combinations, such as those consisting of letters only, do not offer sufficient protection. For added convenience and security, consider using a special app, such as the Kaspersky Password Manager (https://apo-opa.co/3OGpYHu).

Distributed by APO Group on behalf of Kaspersky.

For further information please contact:
Nicole Allman
INK&Co. (https://INKandCo.co.za)
nicole@inkandco.co.za

Social Media:
Facebook: https://apo-opa.co/4inHIFt
X: https://apo-opa.co/4fXAiHl
YouTube: https://apo-opa.co/4fVaknS
Instagram: https://apo-opa.co/4fXt31Q
Blog: https://apo-opa.co/4fWEWW0

About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za. 

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Africa Tech Festival 2024 showcases innovation across Africa’s technology ecosystem

Location: News

Africa Tech Festival
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Over 15,000 attendees were welcomed to the 27th annual Africa Tech Festival (www.AfricaTechFestival.com) by South African Minister of Communications and Digital Technologies, Hon. Solly Malatsi. The Department is an official partner of this year's event, which features more than 300 exhibitors and 400 speakers representing all facets of the tech ecosystem.

Emphasising a shared vision of a digitally connected, inclusive, and prosperous Africa, leveraging technology to drive economic and social progress, the Minister reaffirmed host country South Africa's commitment to bridging the digital divide through policy, partnerships, and investments in universal connectivity and affordability. “While technology holds enormous promise, it is essential that we harness this potential in a way that can benefit all the people on the continent and the rest of the world. South Africa is honoured to play its role on this journey, both as a leader and a partner to our fellow African countries,” he said.

Organised by Informa Tech (https://www.InformaTech.com/), the Africa Tech Festival's anchor events –AfricaCom, AfricaTech, and AfricaIgnite – along with the AI Summit Cape Town, provided delegates with the opportunity to explore enterprise tech innovation and disruption across key sectors such as cybersecurity, cloud, data centres, and green ICT.

Highlights of the first two days of the event, which ran from 12 to 14 November at the Cape Town International Convention Centre, included:

AI Summit Cape Town

Hon. Mondli Gungubele, Deputy Minister of Communications and Digital Technologies, opened the inaugural AI Summit Cape Town. Along with introducing the newly-formed AI Institute of South Africa, he called for collaboration among government, industry, academia, and civil society to maximise AI's benefits while addressing challenges like job displacement and ethical considerations, saying, “Let's seize this opportunity to shape a future where AI helps us uplift our citizens, drive economic growth, transform our society for the better and leave no one behind.”

The AI Summit features the biggest names and brightest minds in AI, all exploring how this transformative technology can create a brighter future for Africa. For instance, the panel session Navigating AI Policy Challenges: Collaborative Approaches to Strengthen Governance in Africa focused on fostering global cooperation in AI governance, emphasising cross-border collaboration, universal safety standards, and ethical innovation. The discussion also highlighted the role of public-private partnerships in implementing equitable AI policies.

AfricaIgnite

AfricaIgnite is the flagship event for founders, investors, and key players in the tech ecosystem. It supports market access and investment opportunities.

The panel Overcoming the Funding Winter: Strategies for Early-Stage Start-Ups highlighted resilience in the early-stage start-up ecosystem, exploring strategies employed by successful start-ups to attract investors and secure funding in a competitive market. It also examined the role of accelerators and incubators in fostering growth and supporting the development of African tech start-ups.

A dynamic fireside chat on The Rise of Debt Financing as an Alternative Funding Model explored the growing appeal of debt financing for late-stage start-ups, delving into the key drivers behind this trend. The benefits of debt financing and insights into the strategic considerations start-ups should evaluate when transitioning to this alternative funding model were also discussed.

Another high-level panel, titled The Search for Liquidity: Navigating African Startup Exits, explored the growing dominance of mergers and acquisitions (M&A) as the main exit strategy for African start-ups, especially in fintech, with IPOs remaining scarce. It also examined the factors driving this trend and its impact on the African startup ecosystem.

AfricaCom

AfricaCom brings together Africa-focused connectivity leaders and the brightest minds in the telecoms space. Within the Connectivity & Digital Infrastructure stream, an insightful panel discussion on Connecting Africa's Next Billion: Scaling Africa's Digital Infrastructure explored the economic and social benefits and challenges of expanding internet connectivity. Industry experts and stakeholders discussed the critical role of governments, telcos, and tech innovators in building sustainable infrastructure to expand internet access, particularly in remote and underserved areas, to advance digital inclusion across the continent.

In the Telcos of Tomorrow stream, panellists explored AI's transformative potential in the telecoms sector in a session titled Integrated AI: Telco Blueprints for Business Model and Service Delivery Transformation. Emphasising how AI optimises complex organisational systems, the panel discussed the challenges of implementing these systems.

AfricaTech

Driving funding for female-led start-ups was the theme of the Empowering Female Founders: Narrowing the Gender Gap in Venture Capital panel discussion, which addressed the persistent challenge of gender disparity in African venture capital. Networks, mentorship, technical support, celebrating successful female founders as role models, and challenging stereotypes were some of the topics.

“2024 is a standout year for Africa Tech Festival, being the largest event in almost three decades. We have more attendees and exhibitors, more features, more content, and more opportunities to position Africa as a tech powerhouse. The opening days have been overwhelmingly positive, with delegates engaging, networking, and sharing insights that have the potential to reshape Africa's tech ecosystem. We are seeing innovative solutions to the continent's tech challenges and a commitment to contribute positively to growing Africa's economic potential. I'm confident that this will continue not only for the remainder of the event but into the future as well,” concluded James Williams, Event Director of Africa Tech Festival.

Visit the AfricaTech Festival website (http://apo-opa.co/3ANhFGy) for more details.

Distributed by APO Group on behalf of Africa Tech Festival.

About Africa Tech Festival:  
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite & AI Summit Cape Town is part of the Informa Tech Connecting Africa event series. A vibrant celebration of Africa's diverse community of tech champions, Africa Tech Festival is the largest tech and digital connectivity conference and exhibition in Africa, attracting hundreds of exhibitors, more than 450 speakers and more than 15000 delegates.  

Read moreAfrica Tech Festival 2024 showcases innovation across Africa’s technology ecosystem

Liquid C2 Builds on Strategic Partnership With Cloudflare to Introduce Enhanced Cyber Security Solutions

Location: News
Liquid Intelligent Technologies

Liquid C2, a business unit of Cassava Technologies has further solidified its strategic partnership with Cloudflare. The latter has appointed Liquid C2 as the first distributor of their new range of cyber security products in South Africa, a testament to Liquid C2 expertise and trustworthiness in the industry. In addition to South Africa, the company will make the solutions available to its partners in Namibia, Zimbabwe and Zambia. 

With the new offering, Liquid C2 is set to deliver application services that provide security and performance solutions for web applications, network services that secure enterprise networking and zero trust services. The 2023 Cyber Security report from Interpol revealed a 23% year-on-year increase in the average number of weekly cyberattacks per organisation in Africa, underscoring the pressing need for cost-effective integrated cybersecurity services for businesses in the mid-market segment.

Oswald Jumira, CEO of Liquid C2, reassures, “Through this partnership, we will enable our channel partner ecosystem through Cloudmania to expand their cyber security solution offering to their customers. Modern businesses need robust, scalable, and secure solutions to support hybrid work environments, protect against network and application-level threats, and ensure reliable connectivity. This offering, which combines the reach of Liquid C2 and Cloudmania and Cloudflare's expertise, is a testament to our commitment to enabling businesses to thrive in the growing African digital economy”.

Graham Turnbull, Cloudflare said, “Cloudflare is excited to announce an expanded partnership with Liquid C2 to launch a Managed Services Programme aimed at delivering advanced security and performance solutions to businesses of all sizes across Africa. As long-standing partners, Cloudflare and Liquid C2 are committed to empowering organisations with scalable, resilient digital infrastructure. This collaboration brings together Cloudflare's world-class technology with Liquid C2's extensive network, supporting the continent's digital growth and security needs”.

Additionally, Cloudflare's zero trust services provide a security model that requires strict identity verification for every individual and device trying to access resources on a private network. This solution is critical for any organisation that has moved to a hybrid and remote work model. In today's ever-evolving cyber threat landscape, businesses need to secure access to applications and data from any location, ensuring that only authorised users and devices can connect. This milestone enables African companies to level the playing field against their international counterparts, making Africa an attractive investment destination.

Distributed by APO Group on behalf of Liquid Intelligent Technologies.

About Liquid C2:
Liquid C2, a business of Cassava Technologies, delivers cutting-edge cloud and cybersecurity services and solutions. Committed to facilitating digital transformation, Liquid C2 is positioned to provide comprehensive solutions tailored to meet the evolving demands of the digital era by empowering businesses to navigate the complexities of the modern digital landscape securely. The company's offerings span cloud solutions that enhance accessibility and scalability, and robust cybersecurity services to safeguard sensitive data and elevate security and compliance posture to ensure businesses remain seamlessly connected and protected. https://LiquidC2.com/

About Cloudflare:
Cloudflare, Inc. (www.Cloudflare.com / @ cloudflare: https://apo-opa.co/3YPYmnV) is on a mission to help build a better Internet. Cloudflare's suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. 

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Police Minister, SAPS officials attend Interpol General Assembly

Location: News

Police Minister, SAPS officials attend Interpol General Assembly

Police Minister Senzo Mchunu, together with high ranking South African Police Service (SAPS) members, has attended the International Criminal Police Organisation (INTERPOL) Annual General Assembly hosted in Glasgow, Scotland.

The general assembly was held last week and South Africa’s delegation included the Head of the Directorate for Priority Crime Investigations (the Hawks), Lieutenant General Godfrey Lebeya; Deputy National Commissioner for Policing, Lieutenant General Tebello Mosikili; Divisional Commissioner for Detective and Forensic Services, Lieutenant General Hilda Khosi Senthumule; the Minister’s special advisor, Advocate Vusi Pikoli; Head of Interpol NCB Pretoria, Brigadier Ntime Mokhine, and other senior officials.

According to a SAPS statement, the general assembly was a gathering of “chiefs of police and senior officials from around the world to collaborate and strengthen their efforts to combat transnational organised crime, cybercrime, counterfeit drug trafficking, as well as human trafficking”.

“The South African delegation engaged in bilateral discussions with their counterparts from various countries on the side-lines of the Interpol General Assembly. The bilateral meetings were aimed at strengthening cooperation and operational strategies in the shared responsibility of fighting against transnational crime.

“During the exchange with their counterparts, all parties acknowledged the significant challenges posed by narcotics trafficking, cybercrime and organised criminal networks, and outlined specific areas of collaboration to combat these threats, with a core focus of creating a safer and crime-free society,” SAPS said.

At the general assembly, Mchunu met with Brazilian Justice and Public Security Minister Enrique Ricardo Lewandowski and his Vice Minister Datony Xu.

“They discussed amongst, other things, the importance of real-time intelligence sharing in order to track and dismantle criminal networks across borders, as well the urgent need to bolster cybercrime units in the fight against cybercrime. 

“They also agreed to have joint training initiatives to build skills in areas such as cybersecurity, digital forensics and cyber intelligence,” the statement explained. – SAnews.gov.za

NeoB
Sun, 11/10/2024 - 12:53

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Read morePolice Minister, SAPS officials attend Interpol General Assembly