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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

Kaspersky Uncovers New Grandoreiro Light Variant

Location: News
Kaspersky

Despite the arrest of important operators in early 2024, Grandoreiro continues to be used by its partners in new campaigns. Kaspersky Global Research and Analysis team (GReAT) (www.Kaspersky.co.za) has discovered a new light version focused on Mexico targeting around 30 banks. These findings are to be highlighted at the Security Analyst Summit (SAS) 2024. Remaining one of the most active threats globally and targeting users of more than 1,700 banks, Grandoreiro variants account for around five percent of banking trojan attacks this year.  Mexico is one of the most targeted countries by various Grandoreiro strains, including the new light version, seeing 51,000 recorded incidents this year.

Kaspersky data indicates Grandoreiro has been active since 2016. In 2024, the threat targets more than 1,700 financial institutions and 276 cryptocurrency wallets across 45 countries and territories, lastly adding Asia and Africa to the list of its targets, making it a truly global financial threat. Among countries affected in Africa are Algeria, Angola, Ethiopia, Ghana, Ivory Coast, Kenya, Mozambique, Nigeria, South Africa, Tanzania, Uganda.

After assisting an INTERPOL-coordinated action, which has led to Brazilian authorities arresting (http://apo-opa.co/3BUqgrb) operators behind a Grandoreiro banking trojan operation, Kaspersky discovered that the group's codebase has been split into lighter, fragmented versions of the trojan, to continue its attacks. Recent analysis has identified a specific light version focused primarily on Mexico, which has been used to target approximately 30 financial institutions. The creators likely have access to the source code and are launching new campaigns using the simplified legacy malware.

“All the recent developments underscore the evolving nature of the threat. Fragmented and lighter versions may represent a trend that could extend beyond Mexico and into other regions, including beyond Latin America. However, we believe that only some trusted affiliates have access to the malware source code to develop such lighter versions. Grandoreiro operates differently from the traditional ‘Malware-as-a-Service' model we are accustomed to. You won't find announcements on underground forums selling the Grandoreiro package; instead, access to it appears to be limited,” explains Fabio Assolini, head of the Latin American (GReAT) at Kaspersky.

Multiple variants of Grandoreiro, including the new light version and the primary malware, accounted for approximately five percent of global banking trojan attacks detected by Kaspersky in 2024, making it one of the most active threats worldwide. Kaspersky has also analysed the newer samples of the primary Grandoreiro from 2024, and observed new tactics. It records mouse activity to mimic real user patterns, aiming to evade detection by machine learning-based security systems that analyse behaviour. By replaying natural mouse movements, the malware aims to trick anti-fraud tools into seeing the activity as legitimate.

Additionally, Grandoreiro has adopted a cryptographic technique known as Ciphertext Stealing (CTS), which Kaspersky has never seen being used in malware. In this case, its aim is to encrypt the malicious code strings. “Grandoreiro has a large and complex structure, which would make it easier for security tools or analysts to detect if its strings were not encrypted. This is likely why they introduced this new technique – to complicate the detection and analysis of their attacks,” Fabio Assolini elaborated.

To protect from financial malware, Kaspersky security experts recommend organisations to:

  • Enable a Default Deny policy for critical user profiles, particularly those in financial departments; this ensures that only legitimate web resources can be accessed.
  • Provide cybersecurity awareness training (http://apo-opa.co/4e3nlKa) to staff, especially to employees responsible for accounting, that includes instructions on how to detect phishing pages.
  • Use protection solutions for mail servers with anti-phishing capabilities such as Kaspersky Security for Mail Server, to decrease the chance of infection through a phishing email.

While banks should educate its customers, individuals are advised to:

  • Never open links or documents included in unexpected or suspicious-looking messages. Be attentive to web pages – from the right web address to details of interface.
  • Use a reliable security solution, such as Kaspersky Premium (http://apo-opa.co/4dWrbEW), that protect digital assets from a wide range of financial cyberthreats.
  • Install only applications obtained from reliable sources.
  • Refrain from approving rights or permissions requested by applications without first ensuring they match the application's feature set.
  • Install the latest updates and patches for all software used.

Read more on Securelist (http://apo-opa.co/3C4N5bD). The comprehensive Grandoreiro analysis and overview is to be presented by GReAT at Kaspersky's sixteenth Security Analyst Summit (SAS) (http://apo-opa.co/3BPHtly), which takes place from October 22-25, 2024, in Bali.

Distributed by APO Group on behalf of Kaspersky.

For further information please contact:
Nicole Allman 
INK&Co.
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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Internet Society Events Highlight the Importance of Encryption for Online Safety and Security

Location: News

Internet Society
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In support of Global Encryption Day on 21 October 2024, events are being organized across Africa by Internet Society (www.InternetSociety.org) chapters in Côte d'Ivoire, Nigeria, Rwanda, South Africa, Zimbabwe, Kenya, and Benin to educate and train individuals on the importance of encryption in protecting data and privacy.  

End-to-end encryption is the process of transforming or encoding information so that only the sender and intended recipient can see it. It safeguards the personal security of billions of people around the world and is essential for security on the Internet.  

By promoting awareness and providing training on encryption, grassroots organizers are empowering communities to take control of their digital security. Under the umbrella of Global Encryption Day, the events planned are a testament to the growing importance of encryption as a means to security in the digital age and signal a growing consensus that people must be protected online. From workshops to informational sessions, participants will have the opportunity to learn about encryption and how it can be used to keep people safe. 

Event 1: Encryption to secure our daily life and future

Where: Maison des Jeunes, Yopougon, Abidjan, Côte d'Ivoire

When: 20-21 October 2024, 09:00 to 14:30 UTC 

What: A 2-day training course will promote encryption for civil society actors, local authorities, and activists in Côte d'Ivoire and the necessity to protect it. Register at Encryption to secure our daily life and future (https://apo-opa.co/4eR5CXO)

Event 2: Kwara Global Encryption Day 2024 Summit 

Where: Ilorin. Kwara State., Nigeria 

When: 24 October 2024, 08:00 to 16:00 UTC 

What: The “Kwara Global Encryption Day 2024 Summit” is an initiative by the Webfala Digital Skills for all Initiative. The event is designed to raise awareness about the critical importance of end-to-end encryption in protecting digital privacy and security. The summit aims to provide a comprehensive understanding of encryption technologies, their applications, and the current legislative landscape in Nigeria and beyond. Register at Kwara Global Encryption Day 2024 Summit (https://apo-opa.co/3YbFeAw).

Event 3: Global Encryption Day 2024 

Where: Bugesera - Rwanda, Rwanda 

When: 16 October 2024, 13:00 to 15:00 UTC 

What: Internet Society Rwanda members will learn more about encryption tools that will protect your privacy and the importance of safeguarding this important resource.  

Event 4:  Activating Voices of Underserved Communities Through Encryption and Digital Inclusion  

Where: Ugunja, Kenya 

When: 19 October 2024, 10:00 to 15:00 UTC 

What: Kijiji Yeetu, the Ugunja Youth Parliament, and Ugunja Net Wardens, in collaboration with the Internet Society Kenya Chapter, Jaramogi Oginga University, and United States International University Africa, are organizing an event that will focus on enhancing encryption, digital literacy, and security for teachers, net wardens, and underserved communities in Ugunja. The initiative aims to spark a nationwide impact by empowering participants to harness technology creatively and securely.  

Event 5: Campaign For Youth Participation On Online Security 

Where: American Corner, Jigawa State., Nigeria 

When: 21 October 2024, 09:00 to 16:00 UTC 

What: The program will look at how best to engage youth and bring them on board to contribute to online security and protection of encryption. Register at Campaign For Youth Participation In Online Security (https://apo-opa.co/3BJ2w9A).

Event 6:  Encryption Advocacy Training for Academic Institutions in Africa  

Where:  Solusi University, Zimbabwe 

When:  21 October 2024, 08:30 to 13:00 UTC 

What:  This event will focus on developing encryption advocates in institutions of higher learning. The purpose of the conference is to capacitate Faculty Deans and Lecturers from institutions of higher learning so that they may infuse these principles to their classroom teaching.   

Event 7:  Global Encryption Day 2024 – Encryption For Data Privacy & Online Safety 

Where:  Durban, KwaZulu-Natal, South Africa 

When:  21 October 2024, 09:00-15:00 UTC 

What: The Internet Society South Africa Chapter and its partners will organize a program that includes training, interactive sessions, and online discussions on encryption, cybersecurity, privacy, human rights, and more. With one main venue and two remote participation hubs based in Cape Town and Johannesburg, this is set to be the largest Global Encryption Day celebration yet. Register at Internet Society 

Event 8:  Protecting End-to-End Encryption: Our Security at Stake 

Where:  University of Abomey-Calavi / IFRI, Benin 

When:  21 October 2024, 09:00 to 12:30 UTC 

What: Encryption is the cornerstone of modern digital security, safeguarding our data and communications from cyber threats. Through discussions, interactive workshops, and expert talks from leading cybersecurity professionals, you'll gain valuable insights into how encryption shields your personal data, online communications, and privacy. In today's evolving digital landscape, understanding these tools is vital for staying safe. As a student, this event will empower you to contribute to a more secure Internet and equip you with practical steps to protect your own data. https://apo-opa.co/4eJID0J

For more information visit: https://apo-opa.co/3Yciv7s to learn more about Global Encryption Day events around the world. 

Distributed by APO Group on behalf of Internet Society.

Media contact: 
Allesandra deSantillana 
Internet Society  
desantillana@isocfoundation.org 

Read moreInternet Society Events Highlight the Importance of Encryption for Online Safety and Security

Mining’s potential remains high: Mantashe 

Location: News

Mining’s potential remains high: Mantashe 

Minister of Mineral and Petroleum Resources, Gwede Mantashe, has told an indaba that there is evidence to suggest that mining is “the bedrock of our economy” and that the country is an attractive investment destination for mining.

According to the Minerals Council of South Africa, the industry contributed some 6.3% to South Africa’s nominal Gross Domestic Product (GDP) last year.

“There is a strong case emerging out of the study on ‘The State of Mining’ that the South African mining industry not only remains the bedrock of our economy, but an attractive investment destination for mining. 

“Coupled with the draft South Africa’s ‘Critical Minerals Strategy’, the study points to the reality that the South African mining industry is diversifying from the gold mining era to an industry with wide-ranging mineral resources, including the world’s largest known deposits of platinum group metals (PGMs), manganese, chrome, coal, gold, copper, vanadium, and other natural resources that are considered critical for the just transition,” the Minister said at the Annual Joburg Indaba in Sandton on Thursday.

He added that with the diversification of the industry, its potential to continue growing remains high.

“Notwithstanding the challenges faced by the gold mining sector, including deep level mines and heightened safety concerns, the 2023 gold production statistics positioned South Africa as the world’s thirteenth and Africa’s fourth largest gold producer. 

“Despite the fluctuating prices of palladium and rhodium, of which South Africa supplies 38% and 81%, respectively, to the global commodities market, the PGMs sector is poised to play a catalytic role in sustaining the South African mining industry, and in the growth of our economy.

“Considering South Africa’s reserves of known manganese and chrome deposits, as well as being the largest producer and exporter of manganese and chrome ore, the South African manganese and chrome sectors are poised to continue playing a significant role globally driven by their use in the automotive and construction industries,” Mantashe said.

Addressing challenges 

He acknowledged that during last year’s Joburg Indaba, industry players raised issues that “we needed to resolve for the sector to thrive, including the need to ensure the necessary policy and regulatory certainty for investment”.

“Although the South African mining industry’s regulatory framework is stable and predictable, the Department of Mineral and Petroleum Resources is drafting amendments to the Mineral and Petroleum Resources Development Act (MPRDA). 

“This is so as to address its shortcomings and ensure that areas that have been challenged legally are strengthened against international best practice. The amendments will further improve the business environment while keeping in sync with our socioeconomic fabric.

“The completion of the migration process to the new efficient and transparent mining licensing system, in June next year, is poised to modernise our licensing system, ensure regulatory certainty, and the sustainability of the South African mining industry. 

“Having completed the first phase of the project, which included the assessment of the current environment to establish the baseline and its readiness, and the requirements with respect to system hosting, software integration, and the enhancement of cybersecurity, the development of the new system is therefore progressing very well,” the Minister explained.

READ | Presidency transfers Department of Mineral Resources and Energy legislation

Furthermore, the Minister told the industry leaders that between April 2023 and March this year, the department has processed and finalised 127 mining rights, 1 527 prospecting rights, and 2 313 mining permits and ancillaries.

There are no backlogs in the Western Cape and the Free State while backlogs in the Northern Cape, Limpopo, North West, Eastern Cape and KwaZulu-Natal have been significantly reduced. Mpumalanga is the only province with a significant backlog.

“As we come to the end of this year’s Indaba, we wish to encourage the South African mining industry to continue sharing insights about the realities of this industry, advance beneficiation at source, and support our exploration initiatives.

“We further encourage junior miners to take up the opportunities presented to them in order to transform the industry and ensure that the people of South Africa derive value from their country’s mineral endowment,” Mantashe concluded. – SAnews.gov.za

 

NeoB
Fri, 10/04/2024 - 10:09

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Read moreMining’s potential remains high: Mantashe 

UK investors encouraged to establish their business operations in SA

Location: News

UK investors encouraged to establish their business operations in SA

Deputy President Paul Mashatile has encouraged United Kingdom businesspeople to establish their presence in South Africa to penetrate the rest of the African market. 

“South Africa is often referred to as a gateway to the African market and offers several economic opportunities. 

“I officially encourage UK businesses to visit our lovely country for business objectives as well as tourists to appreciate the beauty of our country,” the Deputy President told the JP Morgan-hosted event attendees in London.

The country’s second-in-command is in the United Kingdom for the second leg of his working visit to improve trade and investment relations between the two nations and woo investors. 

The Deputy President said he was confident that the visit would forge new partnerships and unlock new opportunities for collaboration between the United Kingdom and South Africa. 

“Together, we can build a stronger, more prosperous future for our nations and contribute to the economic prosperity of our regions.” 

He stressed the importance of collaboration which, he believes, is the key to unlocking new opportunities, mitigating risks, and delivering better outcomes for all stakeholders involved in the financial sector. 

“As we look around us, we see how interconnected and interdependent the global financial ecosystem has become. 

“No longer can any single entity, whether it be a bank, a fintech company, a regulatory body, or a government, hope to address the complex challenges we face on its own,” he added.  

He told the attendees that the South African government believes in the power of collaboration. 

“By working together with our industry partners, regulators, and stakeholders, we have been able to drive positive change, innovate our products and services, and create value for our customers.”

However, he acknowledged that the State has a significant amount of work ahead.

The Deputy President urged all stakeholders to commit to a more collaborative approach in tackling the pressing issues facing the financial sector such as enhancing cybersecurity measures, promoting financial inclusion, or developing sustainable investment strategies. “We must be willing to share knowledge, resources, and expertise to achieve our common goals.”

He reminded the attendees that collaboration is not just about working together but about leveraging collective strengths, embracing diversity of thought and building trust, and transparency. 

“By fostering a culture of collaboration, we can drive positive impact, foster innovation, and create a more resilient and inclusive financial sector for all.”

The Deputy President stressed that the global economy is rapidly evolving and that adapting and innovating are crucial to seizing these opportunities more than ever before. 

He took the opportunity to tell potential investors that South Africa was committed to creating an enabling business environment that attracts investment, spurs economic development, and creates much-needed job opportunities. 

“We understand the significance of collaboration with countries like UK, which share our values and aspirations for a better future.”

As a country, he said government was pushing ahead with enhancing exports of valuable goods and services to the United Kingdom. 

“It is admirable that the two countries already trade in food and beverages. However, I must admit that the global pandemic has hindered our trade partnership, leading to only modest progress. 

“We must identify measures to expedite international trade and investment. I firmly believe that we have the potential to significantly boost the volume and value of various products, including those produced.”

Meanwhile, he pointed out that there were “real signs” of early-stage entrepreneurial growth in the country and that there was already a lot of awareness of the potential partnerships and benefits to both countries.

“Already, there are large numbers of foreign companies setting up service operations in South Africa. We're hoping to see more UK companies in our country,” he added. 

He encouraged foreign companies to invest in South Africa and benefit from the free movement of goods, services, and people from South Africa to other parts of Africa. – SAnews.gov.za

 

Gabisile
Wed, 10/02/2024 - 15:25

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Read moreUK investors encouraged to establish their business operations in SA

The Future of Cybersecurity in South Africa: Trends and Predictions

Location: MyPR

SevenC, a top-managed service provider in South Africa, analyses cybersecurity trends and how South African businesses can stay ahead of cyber threats. Bringing attention to rising cyber attacks, Graeme Millar, managing director of SevenC Computing, warned, “Be it through a phishing scam, data breach, malware infection or ransomware, cyber-attacks can throw your entire business into …

Read moreThe Future of Cybersecurity in South Africa: Trends and Predictions

Maximising ROI in Education: Aligning Employee Learning Paths with Corporate Strategy

Location: MyPR

By Dr Ridwaan Asvat (Director Student Services – Regent Business School) Investing in employee education is no longer just about personal development; it’s a powerful way to advance a company’s goals. HR managers are increasingly tasked with ensuring these investments align with the company’s strategic objectives. By tailoring learning paths to support business strategies, companies …

Read moreMaximising ROI in Education: Aligning Employee Learning Paths with Corporate Strategy

SA Department of Communications and Digital Technologies Partners With Africa Tech Festival 2024, Hosts Exclusive Ministerial Summit

Location: News

Africa Tech Festival
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Informa Tech, organisers of the 27th annual Africa Tech Festival (www.AfricaTechFestival.com)  2024, are pleased to announce that the South African Department of Communications and Digital Technologies (DCDT) will be an official partner of this year's event, taking place from 12 to 14 November in Cape Town. 

Incorporating AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, Africa Tech Festival 2024 will welcome 15,000 visitors, over 400 speakers, and more than 300 exhibitors. Topics include enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.  

“Africa Tech Festival is the largest and most influential telecoms and technology event in Africa, with an audience that spans the entire ICT ecosystem, including trade and other ministries. The partnership with the DCDT is a clear indication of the South African government's commitment to engaging with these key stakeholders from across the continent, opening dialogue, sharing insights, and working together to advance Africa's digital transformation journey,” said Informa's James Williams, Event Director of Africa Tech Festival.   

One of the highlights of the partnership is the AfricaCom 2024 Ministerial Summit, a closed-door VIP event bringing together close to a dozen African and international ministers from across critical sectors such as ICT, innovation, trade, finance, education, and enterprise. The Ministerial Summit will provide government leaders with a platform that facilitates discussion, collaboration, and sharing of learnings on how progressive policy is nurturing tech ecosystems, building efficient workforces, unlocking technological innovation across public and enterprise sectors, and driving Africa's socioeconomic development.  

Another initiative that forms part of the partnership is an exclusive government pavilion at which a small group of top South African businesses, SMEs, and startups will be hosted, again reflecting top-tier support for businesses that are contributing to the country's technology-driven agenda.  

“The importance of collaborative efforts and partnerships in realising our goal of a connected and digitally transformed society cannot be overemphasised. The Africa Tech Festival presents such platform for different innovative minds to come together to explore and exchange tech solutions for Africa and the rest of the world. This global platform will not only afford us an opportunity to learn best practices but also afford our SMEs to market their innovative solutions to the more than 15 000 visitors from across the globe. We are committed to ensuring that Africa does not become a mere consumer of digital solutions developed elsewhere but a meaningful participant in the digital economy by being a supplier of solutions and infrastructure that are tried and tested in our shores. We are looking forward to welcoming the world to our shores.” said Ms Nonkqubela Jordan-Dyani, Director-General of the Department of Communications and Digital Technologies. 

The introduction of the Ministerial Summit, along with the official endorsement of the event by the DCDT, add significantly to the depth of Africa Tech Festival. In addition to showcasing the immensely innovative nature of the industry, the event is also a targeted networking platform for tech leaders, role-players, and investors to make a positive contribution to Africa's successful navigation of a tech-driven future. 

Confirmed Africa Tech Festival 2024 speakers include: 

  • Faith Burn, Chief Information Officer, Eskom Holdings SOC  
  • Funke Opeke, CEO, MainOne  
  • Kerissa Varma, CISO, Vodacom Group  
  • Leo Skarlatos, CEO, AT (formerly Airtel Tigo)  
  • Mary Mahuma, CIO, Southern Africa, Philip Morris  
  • Motunrayo Opayinka, Founder and CEO, Womenovate  
  • Nollie Maoto, Chief Data and Analytics Officer – Merchant Services, FNB South Africa  
  • Norbert Prihoda, Deputy CEO, Tunisie Telecom 
  • Prasanna Kumar Burri, Group Chief Information Officer, Dangote Group  
  • Samwel Magesa, Chief Data Officer, NBC Bank  
  • Simbah Mutasa, Managing Director, Bank of America  
  • Sithembile Songo, CISO, Eskom Holdings SOC  
  • Hon. Solly Malatsi, Minister, Ministry of Communications and Digital Technologies, The Republic of South Africa 
  • Hon. Rose Pola Pricemou, Minister, Ministry of Posts, Telecommunications and Digital Economy, Republic of Guinea 
  • Sitoyo Lopokoiyit, CEO, M-Pesa 
  • Brelotte Ba, Deputy CEO of Orange Middle East and Africa, Orange 
  • Hazem Metwally, CEO, e& Egypt (etisalat) 
  • Christian Bombrun, Group CEO: Digital Platforms, MTN Group 
  • Faith Burn, Chief Information Officer, Eskom Holdings SOC 
  • Funke Opeke, CEO, MainOne  
  • Thomas Dohmke, CEO, GitHub 
  • Alex Okosi, Managing Director, Africa, Google 
  • Hardy Pemhiwa, President & Group CEO, Cassava Technologies 
  • Morgane Imbert, CEO (South Africa), Jumia 

Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com/ 

Distributed by APO Group on behalf of Africa Tech Festival.

About Africa Tech Festival:  
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite, and The 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 400 speakers and more than 15,000 delegates.  

Read moreSA Department of Communications and Digital Technologies Partners With Africa Tech Festival 2024, Hosts Exclusive Ministerial Summit

The Costs of Cyberattacks: How One Breach Can Sink a Business

Location: Business
Kaspersky

In today's interconnected world, cyberattacks are more frequent and more dangerous than ever before. Businesses, regardless of size or industry, are prime targets for cybercriminals. These attacks can cause widespread damage and create long-lasting consequences. Kaspersky (www.Kaspersky.co.za) dives into the impact of cyberattacks on business and reveals the key losses that an unprotected business can suffer.

When we consider the impact of cyberattacks on business, the first thing we pay attention to is financial losses. An example of an incident with huge financial losses is the attack on Johnson Controls, a major player in the building technology sector that faced a significant ransomware incident (https://apo-opa.co/3XnrMJm) perpetrated by the Dark Angels hacking group. The attackers claimed to have stolen 27 terabytes of sensitive data and demanded a $51 million ransom. This breach resulted in severe disruptions to the company's systems and cost over $27 million in damages. The attack impacted Johnson Controls' business operations, including disruptions to its billing systems and increased recovery expenses. As a company with a global presence, the breach significantly affected its business relationships and operations. 

Below, Kaspersky explores several key ways a cyberattack can hurt your business.

Financial losses
Cyberattacks often result in direct financial losses. Ransomware attacks, where hackers demand payment to restore access to data or directly steal funds, are a clear example. But this is only the beginning, as there are numerous other consequences that may result in considerable indirect financial losses. These can easily exceed what the company has lost as an immediate outcome of the incident.

Operational disruption
Cyberattacks can grind your operations to a halt. Many businesses depend on their digital infrastructure for daily activities. If systems are compromised, productivity falls. In severe cases, entire operations may be disrupted for days or even weeks (https://apo-opa.co/3MQRkKo), resulting in lost revenue, diminished service quality and disappointed clients and partners — an additional impact on your company's reputation. 

Indirect long-term costs
Even following the immediate aftermath of a cyberattack, businesses often face long-term financial impacts. Restoring systems, improving cybersecurity infrastructure, and managing the legal fallout are just some of the lingering costs. Additionally, lost business and damaged customer relationships can take months or years to rebuild.

Reputational damage
The trust your clients place in you is invaluable. If customer data is stolen in a breach, it can severely damage your brand's reputation. This loss of trust can lead to customers leaving and a long-term decline in business. In some cases, a single breach is enough to ruin a company's public image beyond repair.

If your business falls victim to an attack, it can also impact your relationships with partners and vendors. Third-party partners might lose confidence in your ability to protect shared data. Similarly, business-critical relationships could be jeopardised if you fail to recover quickly or if your systems compromise their operations.

Legal and compliance issues
With data protection regulations such as the GDPR in Europe, POPIA in South Africa or HIPAA in the U.S., a data breach can lead to heavy fines. Failing to protect sensitive customer or employee data may result in penalties and lawsuits. Furthermore, companies that fall victim to breaches often face lengthy legal battles, which add to the financial and reputational strain.

Loss of intellectual property
For many businesses, intellectual property (IP) is among their most valuable assets. Cyberattacks targeting IP can steal product designs, marketing strategies, and proprietary information. This is particularly harmful in competitive industries like technology and pharmaceuticals, where IP theft can erase the advantage a company has spent years building.

“Attackers are never idle - they're like wolves who must be constantly active to catch their prey off-guard.  So, companies need to be ever more alert and agile. They must be sure they have the right solutions and processes to allow for effective threat discovery and containment, as well as swift recovery. At Kaspersky, we're deeply committed to delivering the agile security that businesses need. Proactive assessments and multi-layered protective solutions, plus managed security and actionable threat intelligence - we have it all. What's more important, we have the expertise to put together the exact cybersecurity structure for your individual profile. Only a consistent and comprehensive approach, like this one, can ensure true business resilience against today's cyber risks,” comments Oleg Gorobets, Security Evangelist at Kaspersky. 

Below, Kaspersky offers some recommendations to help your business stay ahead of cyberthreats and remain resilient: 

  • Always keep the software updated on all the devices you use to prevent attackers from infiltrating your network by exploiting vulnerabilities. Install patches for new vulnerabilities as soon as possible.
  • To protect the company against a wide range of threats, use robust solutions, like that from the Kaspersky Next (https://apo-opa.co/4gr9zDD) product line, that provide real-time protection, threat visibility, and the investigation and response capabilities of EDR and XDR for organisations of any size and industry. Kaspersky solutions are regularly awarded, leading in independent tests (https://apo-opa.co/3XyqJXl).
  • For protection of very small businesses, use solutions intended to help you manage your cybersecurity even without having an IT administrator on board. Kaspersky Small Office Security (https://apo-opa.co/4gxRLqz) provides you with hands-off security due to 'install and forget' protection and saves the budget, which is crucial, particularly in the early stages of business development.  
  • If your company doesn't have a dedicated IT security function and only has generalist IT admins who may lack the specialist skills required for expert-level detection and response solutions, consider subscribing to a managed service such as Kaspersky MDR (https://apo-opa.co/3zzkfiN). This would instantly boost your security capabilities by an order of magnitude, while allowing you to focus on building in-house expertise.
  • Educate your employees to have protection against human-related cyberattacks. Specialised courses can help, such as Kaspersky Automated Security Awareness Platform (https://apo-opa.co/3XtzFgw) that instills safe Internet behaviour and includes a simulated phishing attack exercise. 
  • Set up offline backups that intruders cannot tamper with. Make sure you can quickly access them in an emergency when needed.  
  • Conduct cybersecurity audits.

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 moreThe Costs of Cyberattacks: How One Breach Can Sink a Business

The Evolution of Software Development and Managed Services

Location: MyPR

Software Development and Innovation Software development has grown significantly, playing a critical role in driving digital innovation across industries. Software development companies have become central to this evolution, creating cutting-edge solutions that streamline processes, enhance customer experiences, and promote efficiency. Whether it’s a small business or a large corporation, partnering with the right software development …

Read moreThe Evolution of Software Development and Managed Services

What Is a Managed Service Provider?

Location: MyPR

SevenC, a top managed service provider in South Africa, delves into the critical responsibilities and roles of MSPs in the region, highlighting their importance in optimising IT solutions for diverse businesses. Imagine a world where your business operations run smoothly, your IT systems are always up-to-date, and technical hiccups are a thing of the past. …

Read moreWhat Is a Managed Service Provider?

National health lab now fully operational after cyber attack

Location: News

National health lab now fully operational after cyber attack

Deputy Minister of Health, Dr Joe Phaahla, announced on Wednesday that the National Health Laboratory Service (NHLS) operations have been fully restored following a cyber attack in June this year.

The NHLS was hit by a cyber attack that significantly disrupted the normal delivery of essential health services in the public health sector.

The Board and Executive Management have since briefed Phaahla, who oversees the work of public health entities under the Department of Health, on the progress made to restore the systems following the incident. 

They also touched on the plans to prevent and manage future unforeseen disruptions.

The department describes the NHLS as the backbone of the country’s public health, which manages a network laboratory system that serves over 85% of South Africa’s population through 230 laboratories, playing a critical role in clinical outcomes and patient diagnosis.

“Deputy Minister Phaahla thanks the NHLS for its swift and tireless efforts to restore its laboratories to full operating capacity following a successful and comprehensive rebuilding of its information technology systems and infrastructure because more than 70% of healthcare decisions are dependent on their services, thus restoring operations underscores its commitment to the country’s public healthcare,” the statement read. 

Following the recent hacking incident, Phaahla urged the entity to take decisive steps to fortify its information systems against future threats. 

He also welcomed their commitment to investing in advanced cybersecurity technologies and implementing new protocols designed to enhance the security and resilience of the NHLS digital infrastructure.

“These improvements reflect its dedication to maintaining the highest service delivery standards. 

“It is strengthening its systems to ensure that any future challenge is met with minimal disruption to its essential operations, allowing it to continue providing critical health services to the country with confidence and integrity,” the department added. 

The department has promised to continue to support the NHLS and other public health entities to ensure they execute their mandates to effectively contribute to the public health system. – SAnews.gov.za
 

Gabisile
Thu, 08/22/2024 - 10:24

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Read moreNational health lab now fully operational after cyber attack

Work, life and Artificial Intelligence (AI): 34% believe that AI can be a better boss than a human

Location: News
Kaspersky

AI is becoming a new member of society according to results from a new Kaspersky (www.Kaspersky.co.za) survey titled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World' (https://apo-opa.co/3WRj99J). The study also found that today artificial intelligence is taking on new roles in fields where it can succeed and be trusted by humans.

Based on statistics from Similarweb (https://apo-opa.co/46WpO7u), ChatGPT, one of the world's most popular chatbots, garnered 153 million visits in the first month after its launch in November 2022, and peaked at 2 billion visits in April 2024. In light of the rapid advancements in AI, Kaspersky has conducted an in-depth study to explore current levels of confidence in AI. The study examines its roles from management positions in the workplace to assisting with significant life decisions.

According to the study, respondents see AI as their team member at work, and a manager – 34% globally believe AI can be a fairer boss than a human being because of its impartiality. For respondents from the Middle East, Turkiye and Africa (META) region this statistic is 40%. In South Africa it is 42%.

Another area where AI can play an active role is education. 47% of respondents globally, 60% in the META region and 68% in South Africa foresee children being taught through virtual experience and Metaverses in the near future.

Half (50%) of all consumers globally, 53% in the META region and 64% in South Africa believe that AI has already become an unavoidable part of their lives, with 43%, 46% and 52% respectively having a positive outlook on its potential to bring about many exciting opportunities and improve the future for everyone. A large portion of respondents admit that AI has capabilities in creative areas – 62% globally, 59% in the META region and 53% in South Africa believe AI is a credible producer of works of art.

AI can also be considered a reliable companion and an assistant in everyday life. More than half of respondents (57%) globally, 67% in the META region and 60% in South Africa would like to use AI to run their daily lives more efficiently.

48% of those surveyed globally, 60% in the META region and 56% in South Africa are ready to use an AI chatbot to have conversation online - 31%, 38% and 33% respectively would use it to help them to find the right partner on a dating app. In fact, 48% globally, 58% in the META region and 63% in South Africa believe that human relationships will change because of the impact of AI if virtual characters start replacing real-life partners.

“We are witnessing the growing adoption of AI as a valuable tool, assisting people in diverse areas. Beyond traditional applications, such as processing and analysing data, AI is being entrusted with more intriguing personal roles, including romance, education, and work. As AI technologies continue to evolve, their potential to drive innovation and improve human experiences becomes even more profound. However, this advancement also brings unexpected risks and sophisticated threats, ranging from overreliance — putting too much trust in AI advice — to AI-generated phishing, deepfakes and identity theft. These are the challenges that we need to address across multiple levels,” comments Vladislav Tushkanov, Machine Learning Technology Research Group Manager at Kaspersky.

In order to protect users against AI-driven threats, Kaspersky suggests:

  • Install a trusted cybersecurity solution (https://apo-opa.co/3yU026X) that can offer protection against AI-enhanced phishing by detecting malicious pages and preventing interaction with them. Such a solution will assist in identifying and blocking fraudulent emails and websites aiming to steal personal information.
  • To counter the risks posed by deepfakes, it is wise to avoid trusting requests for data or money immediately, even if they seem to come from friends, family members or colleagues. Verifying the authenticity of the request through alternative communication methods is a prudent step.
  • Utilising an online Privacy checker (https://apo-opa.co/3AtvdGX) is essential for adjusting privacy settings to limit exposure to AI-enhanced identity theft. This approach minimises the amount of personal information accessible online, making it more challenging for threat actors to exploit personal data.

The full Kaspersky report ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World' is available via this link (https://apo-opa.co/3WRj99J).

Distributed by APO Group on behalf of Kaspersky.

About the survey:
In June 2024, Kaspersky commissioned Arlington Research to conduct an online survey of 10,000 respondents to explore the respondents' attitude towards current digital superstitions, AI role in human's life and topic of digital immortality. The sample included 1,000 respondents from each of the UK, Germany and France, and 500 in Spain, Italy, Portugal, Brazil, Mexico, Russia, Kazakhstan, India, China, Indonesia, Turkiye, KSA, UAE, and South Africa.

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 Women Tech and Telecoms Leaders, Aims to Positively Impact Africa’s Information and Communications Technology (ICT) Gender Gap

Location: News

Africa Tech Festival
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When the 27th edition of Africa Tech Festival (https://AfricaTechFestival.com) kicks off on 12 November at the Cape Town International Convention Centre in South Africa, the spotlight will be on the exceptional women shaping the future of technology and telecoms in Africa. With August marking the celebration of Women's Month in the host country, the event will proudly showcase many of the women leaders driving growth and innovation across the sector.

Taking place from 12 to 14 November, Africa Tech Festival 2024 incorporates AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, which will welcome a cumulative 15,000 visitors, more than 400 speakers, and over 300 exhibitors as it explores enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.

As the continent's leading platform for technology innovators, specialists, and thought leaders, Africa Tech Festival 2024's agenda includes several prominent female leaders who are making a significant contribution to the industry. Their expertise and insights will provide invaluable perspectives on the challenges and opportunities within the sector.

Key speakers include:

“Africa Tech Festival provides the continent's tech ecosystems with a unique platform from which to collaborate and drive positive change. Building a more inclusive, sustainable world means uniting the world's most inspirational founders, business leaders, policymakers, investors, and rising stars, so we are delighted to see so many inspirational female tech executives featured in this year's speaker line-up. As we celebrate Women's Month, we look forward to their unique insights and contributions,” said Informa's James Williams, Event Director of Africa Tech Festival.  

Organisers are confident that the presence of these female industry leaders at Africa Tech Festival will provide impetus to efforts by the industry to be more inclusive, highlighting the opportunities available to women in various sectors, providing insights for women wishing to embark on tech and telecoms careers, and showcasing the successes and contributions of women making their mark within the industry.

“Events such as Africa Tech Festival provide a platform for women to network and to gain exposure to more accomplished women in tech. These role models provide inspiration to women starting out in their careers that they can break the glass ceiling,” said Funke Opeke, CEO, MainOne, who will be participating in the ‘Big Tech and Telcos: Collaborating on Digital Infrastructure Investment' keynote panel.

Speaking on the importance of mentorship for women entering the industry, Mary Mahuma, CIO, Southern Africa, Philip Morris said, “As a female industry leader, I see mentorship as a necessary reminder of our social responsibility to be empathetic, driven, inclusive, and resilient leaders. I am fortunate to have a female mentor who has significantly influenced my leadership style, thinking, and understanding of corporate dynamics and culture.” Mary will be a panellist on the ‘Nurturing Talent and Bridging Skills Gap: Building a Future-Ready Workforce in the Age of AI' panel.

“Women's contributions are significantly transforming the telecoms and technology landscape in Africa through innovation, leadership, and advocacy. Their contributions are not only advancing the industry but also driving social and economic development across the continent. By fostering innovation, supporting entrepreneurship, and advocating for inclusive policies, these women are transforming the tech landscape in Africa,” added Motunrayo Opayinka, Founder and CEO, Womenovate. Motunrayo will share her insights on the ‘Educational Equity Through AI: Tools for Advancing Education in Underserved Areas' panel. 

In addition, EQL:LOUNGE creates a space for women in tech to connect directly, and engage in meaningful dialogue, with high-calibre speakers in intimate settings hosting panel discussions, keynote addresses, and fireside chats. Taking place the evening before the event opens, InspiringFifty Africa is a prestigious awards ceremony focusing on recognising the top fifty women making significant strides within the African tech ecosystem.

Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com

In a special Women's Day offer, Africa Tech Festival is offering a 15% discount on Platinum Passes until midnight on 16 August. Passes can be purchased via this link, using the code NWD15 - https://apo-opa.co/3SAYyFh

Distributed by APO Group on behalf of Africa Tech Festival.

About Africa Tech Festival: 
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite & The 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 400 speakers and more than 15,000 delegates. 

Read moreAfrica Tech Festival 2024 Showcases Women Tech and Telecoms Leaders, Aims to Positively Impact Africa’s Information and Communications Technology (ICT) Gender Gap

World faces era of new economic challenges

Location: News

World faces era of new economic challenges

The world is entering an era of new economic challenges, even as the recent ones have yet to be overcome, says South African Reserve Bank (SARB) Governor Lesetja Kganyago.

“The global economy continues on a long recovery path from the pandemic. This path has been a troubled one, and despite better prospects in recent months, remains beset by risks and vulnerabilities built up during the pandemic. 
“Inflation remains stubbornly high, and public debt levels globally are at record levels,” the Governor said on Tuesday.

Addressing the 104th annual Ordinary General Meeting of the SARB shareholders in Pretoria, Kganyago asserted that technological development carries both risks to cybersecurity and the hope of large and sustained boosts to global productivity.

“Inflation remains a major policy concern for central banks globally. Although global inflation declined from 8.7% in 2022 to 6.8% in 2023 and continues to ease in 2024, it remains high relative to the 2–3% inflation targets that many countries are trying to achieve.

“Restrictive monetary policy, along with the recovery in supply chains and other pandemic-related bottlenecks, has helped inflation to recede from its 2022 highs. However, global disinflation has slowed recently, as is well illustrated by consumer price inflation in the United States (US) still sitting at 3% relative to their 2% target,” Kganyago said.

He said the slow pace of disinflation reflects a pattern of lower imported inflation but higher services inflation across most economies. 

“In some [economies], rising wages and sustained pent-up demand for services have been key factors. In emerging markets specifically, fiscal challenges and sustained currency depreciations have played more of a role.

“Policy commitment to reduce inflation back to targets has been strongly signalled around the globe, and central banks have generally been cautious in their approach to policy. Deepening geo-economic fragmentation, higher temperatures and other supply-related risks raise concerns about the long-term prospects for inflation, and considerable effort is going into reassessments of neutral real rate levels,” the Governor said.

While inflation remains higher than desired, global economic activity has proven to be more resilient than expected. 

“Global growth surprised higher at 3.3% in 2023, despite considerable divergence in growth across individual economies. Generally, however, global growth rates are expected to remain below pre-pandemic trends. This reflects the impact of protectionist measures on global trade, relatively tight financial conditions as well as uncertainty of future policy trajectories,” Kganyago said.

Domestic real economy developments

Despite South Africa’s low economic growth, employment levels have recovered the 2.2 million jobs lost during the height of the pandemic.|

“As of the first quarter of this year, total employment surpassed its 2019 level. Nonetheless, job creation has been too slow and not enough to offset the growth in the labour force, leaving the unemployment rate elevated at 32.9% in the first quarter of this year,” the Governor said.

The South African economy slowed to 0.7% in 2023 from 1.9% in 2022, and remains well below growth in peer emerging markets.

“Load shedding and logistical challenges have been weighing heavily on economic activity, depressing the credit appetite of businesses and the spending of households.

“South Africa’s tailwind for growth coming from strong terms of trade continued to fade, despite still remaining at historically good levels. Exports also suffered over the past 12 months from energy and logistics challenges as much as price factors. Imports were also muted by logistics. 

“As energy and logistics constraints continue to ease, the growth outlook will also improve. The domestic economy is expected to grow by 1.1% this year, rising to 1.7% by 2026, as both household spending and investment start to strengthen,” Kganyago said.

Domestic inflation dynamics

As with the global trend of moderating inflation, South Africa’s headline inflation decelerated over the past year, falling from 6.9% in 2022 to an average of 6% in 2023.  

“These annual averages, however, hide the ongoing volatility in the underlying components of inflation, in turn demonstrating the risks and uncertainty marking the disinflation path. 
“Since September of last year, headline inflation has been fluctuating between 5% and 6%, with frequent monthly setbacks coming from fuel, food and services prices.

“In February, core inflation rose by 0.4 percentage points to 5%, propelled sharply higher by medical insurance inflation. Encouragingly, as of June, core inflation has moved to 4.5%,” Kganyago said. 

The SARB sees core inflation averaging 4.6% this year, from 4.8% last year. Inflation expectations eased in the first half of this year, but still remain well above the midpoint of the target band.  

“While headline inflation came out between 5% and 6% for much of the past year, our current forecast shows it easing to 4.9% this year, pulled lower mainly by softening food and fuel inflation, and resting at the midpoint in 2025 and 2026. 

“Even with some quantitative and qualitative adjustments to risk perceptions over time, the Monetary Policy Committee (MPC) has felt it appropriate to maintain the repurchase (repo) rate at 8.25% – a level set in May of 2023,” he said. - SAnews.gov.za
 

 

nosihle
Tue, 07/30/2024 - 14:14

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Read moreWorld faces era of new economic challenges

Scaling Your Business With Managed IT Services And Smart IT Consulting

Location: MyPR

SevenC, a leading IT infrastructure and network service provider striving to identify and make available the best possible ICT strategies for its clients’ unique needs, explores how managed IT services and IT consulting can help entrepreneurs scale their operations. “Combining managed IT services and IT consulting can significantly help your business grow,” says Graeme Millar, …

Read moreScaling Your Business With Managed IT Services And Smart IT Consulting

Government working hard to prevent cybercrime – Ntshavheni

Location: News

Government working hard to prevent cybercrime - Ntshavheni

Minister in the Presidency Khumbudzo Ntshavheni has assured the public of government’s commitment to prevent cybercrime.

This follows the recent media statement issued by Public Works and Infrastructure Minister Dean Macpherson, in which he said about R300 million was allegedly siphoned off from DPWI through cybercrime in the past 10 years. 

The statement continued to say the cyber attackers again stole R24 million in May this year.

According to the statement, the revelation emerged as Minister Dean Macpherson and Deputy Minister Sihle Zikalala were conducting detailed assessments on the work of the department and through the incoming briefings from department branches.

“I cannot discount the possibility of collusion between officials and criminals in this prolonged period of theft. It is clear that we need better financial controls, which I have said to the department are a matter of urgency,” Macpherson said in the statement.

Following the discovery, four DPWI officials have been suspended and 30 laptops seized by investigators. 

The four officials suspended include three senior management officials and one middle management official.

In May, the department announced that it had ordered a full forensic probe into what it called vulnerabilities in the department’s information and technology systems.

The department identified the cyber-security vulnerabilities with the assistance of its banking partners, including ABSA and the South African Reserve Bank.

The investigation, which involves cyber and ICT security experts, covers the following:

•           Causes of the breach and vulnerabilities. 

•           Vulnerability and susceptibility to cyber-crime of the ICT infrastructure within the department.

•           Lack of staff capacity and  weak ICT systems.

Ntshavheni said the State Security Agency (SSA) has been inundated with media enquiries following the statement from the DPWI.

“The investigation is ongoing, and investigating teams were urged to work with speed to conclude their work without compromising the required thoroughness of the investigation,” Ntshavheni said. 

She said the SSA continues to provide support and advice to government departments on cybersecurity. 

“The SSA is finalising a consolidated assessment on government's cybersecurity strengths and initiatives underway to address any weaknesses found in the system,” Ntshavheni said. 

Ntshavheni said once the report has been completed, it will be submitted to the National Security Council for further processing and direction. – SAnews.gov.za

 

 

 

 

Edwin
Thu, 07/11/2024 - 09:30

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Read moreGovernment working hard to prevent cybercrime – Ntshavheni

Hacked Healthcare: New KnowBe4 Report Shines a Spotlight on Cybersecurity Crisis in Sector

Location: News
KnowBe4

KnowBe4 (www.KnowBe4.com), the provider of the world's largest security awareness training and simulated phishing platform, released its International Healthcare Report. The report takes a closer look at the cybersecurity crisis currently experienced by the healthcare sector, in particular hospital groups, across the world. 

Africa was the global region with the highest average number of weekly cyberattacks per organisation in 2023. One in every 19 organisations on the continent experienced an attempted attack every week. Although South Africa's healthcare sector has managed to avoid a major attack since 2020, the alarming escalation of attacks in other sectors within the country suggests that it's only a matter of time before the next attack strikes, making it a question of "when" rather than "if".

Hospitals have become increasingly attractive targets for ransomware attacks due to their comprehensive patient databases, sensitive information, and their interconnectedness between systems and equipment. Moreover, poor security measures have made hospitals vulnerable to cyber threats. When attacked, cybercriminals can potentially take control of entire hospital systems, and gain access not only to patients' health information but also their financial and insurance data.

Hospitals are severely impacted by cyberattacks (https://apo-opa.co/4csCXH4), which can lead to a reduction in patient care, loss of access to electronic systems, and a reliance on incomplete paper records. This can also result in the cancellation of surgeries, tests, appointments, and, in some cases, even loss of life. 

Some shocking facts discussed in the report include:

  • In the first three quarters of 2023, the global healthcare sector experienced a staggering 1,613 cyberattacks per week, nearly four times the global average, and a significant increase from the same period the previous year.
  • The healthcare sector has seen a dramatic surge in cyberattack costs over the past three years, with the average cost of a breach reaching nearly $11 million, more than three times the global average. This makes healthcare the costliest sector for cyberattacks.
  • Ransomware attacks have been the most prevalent type of cyberattack on healthcare organisations, accounting for over 70% of successful attacks in the past two years.
  • The majority of cyberattacks (between 79% and 91%), across sectors, begin with phishing or social engineering tactics, which allow cybercriminals to gain access to accounts or servers.
  • According to KnowBe4's 2024 Phishing by Industry Benchmarking Report (https://apo-opa.co/4csuiEB), healthcare and pharmaceutical organisations are among the most vulnerable to phishing attacks, with employees in large organisations in the sector having a 51.4% likelihood of falling victim to a phishing email. This means that cybercriminals have a better than 50/50 chance of successfully phishing an employee in the sector.

“The healthcare sector remains a prime target for cybercriminals looking to capitalise on the life-or-death situations hospitals face,” says Stu Sjouwerman, CEO of KnowBe4. “With patient data and critical systems held hostage, many hospitals feel like they are left with no choice but to pay exorbitant ransoms. This vicious cycle can be broken by prioritising comprehensive security awareness training to empower employees and cultivate a positive security culture as a strong defence against phishing and social engineering attacks."

The report examines the state of cybersecurity in the healthcare sector in North America, Europe, the United Kingdom, Asia-Pacific, Africa, and Latin America. In addition it also highlights some of the most prolific global ransomware attacks that occurred between December 2023 and May 2024, the aftermath thereof and what healthcare organisations can do to protect themselves from cyberattacks. 

To download a copy of KnowBe4's International Healthcare Report, click here (https://apo-opa.co/3xIjjaY).

Distributed by APO Group on behalf of KnowBe4.

About KnowBe4:
KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, is used by more than 65,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. The late Kevin Mitnick, who was an internationally recognized cybersecurity specialist and KnowBe4's Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Organizations rely on KnowBe4 to mobilize their end users as their last line of defense and trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

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A Guide On How To Invest In It For Your Business Success

Location: MyPR

SevenC, a leading IT infrastructure and network service provider striving to identify and make available the best possible ICT strategies for its clients’ unique needs, explores strategies for making smart IT investments. Over the past few decades, advancements in IT have revolutionised company operations and reshaped the dynamics of competition in nearly every industry. “In …

Read moreA Guide On How To Invest In It For Your Business Success

Navigating Digital Change And Budgeting For It Success

Location: MyPR

SevenC, a leading IT infrastructure and network service provider striving to identify and make available the best possible ICT strategies for its clients’ unique needs, examines critical aspects of digital transformation, IT security, and how to budget for IT success effectively. “Digital transformation is the process of integrating digital technology into all aspects of your …

Read moreNavigating Digital Change And Budgeting For It Success

MultiChoice reports resilient performance while expanding its platform

Location: Business
MultiChoice Group

MultiChoice Group (www.MultiChoice.com/) demonstrated resilient operational performance for the year ended March 2024 (FY24), delivering a 26% trading profit margin in South Africa, while increasing trading profit in the Rest of Africa by 48%, despite very challenging macro-economic conditions. Clear strategic milestones were reached, with the group successfully launching Showmax 2.0, SuperSportBet and Moment, all of which are now revenue-generating and supporting the group's future growth prospects.

Download document: https://apo-opa.co/4cj3eXQ

“Four years after setting out a clear strategy of building Africa's entertainment platform of choice and investing in services to support a broader ecosystem, our three core segments are now fully operational: video entertainment, interactive entertainment and fintech. Our focus now shifts to building on these solid foundations to drive growth in these new areas, and on further enhancing business efficiency across our operations.

While we are not alone in feeling the challenges of a weak consumer environment, I am proud of the speed and effectiveness of the team in implementing strategic actions to retain customers, safeguard cash generation and drive costs savings which surpassed our targets. It is the strength of this team, the quality of the underlying business and the clarity of our strategy which underpins my confidence in delivering on our potential,” said Calvo Mawela, MultiChoice Group CEO.

Some key points for the past financial year:

  • Subscriber base: Given the challenging consumer environment, overall active subscribers declined by 9%. This was mainly due to a 13% decline in the Rest of Africa business, with Nigeria, Angola and Zambia most affected, while the South African business was more resilient, declining by only 5%.   
  • Group revenue: increased by 3% on an organic basis. However, due to weaker local currencies and consumer pressure, reported Group revenue declined by 5% to ZAR56.0bn.
  • Subscription revenues: grew by 2% on an organic basis. However, on a reported basis, subscription revenues declined by 7% due to a weaker Naira.
  • Group trading profit: increased 24% on an organic basis, despite the additional ZAR1.4bn investment in Showmax to drive future growth. After factoring in the ZAR4.5bn impact related to foreign exchange weakness, reported trading profit declined by 21% to ZAR7.9bn.
  • Positive operating leverage: Given the positive impact of the lower expenditure (including ZAR1.9bn in cost savings and ZAR1.5bn in reduced decoder subsidies), the group achieved positive operating leverage of 4.3% (i.e. a 3.3% organic revenue increase against a 1% organic reduction in operating expenses).
  • Adjusted core headline earnings: Higher realised hedging gains and benefits from a narrower gap between official and parallel Naira rate, was more than offset by the weaker trading profitability, resulting in adjusted core headline earnings (which now includes losses on cash remittances after tax and minorities) decreasing by 20% to ZAR1.3bn.
  • Free cash flow: amounted to ZAR589m, impacted by lower profitability and the  ZAR1.7bn in Showmax platform payments.
  • Retained cash and cash equivalents: ZAR7.3bn in cash (before short-term commitments) and access to ZAR4.1bn in undrawn borrowing facilities provides significant headroom and flexibility to fund opportunities.

MultiChoice is by far the largest producer of original content on the African continent. In FY24, the group again produced over 6 500 hours of local content and its local content library now has more than 84,000 hours of content, a 12% increase YoY.

The highlight for the year was Shaka Ilembe, which launched on Mzansi Magic in June to become Africa's biggest TV series. Filmed entirely on location in South Africa, it was created through the skills and contributions of over 8 000 people. The premiere episode attracted over four million viewers and was the top-performing show with an audience share of over 45% in its time slot.

Other content highlights of the year was Reyka (season 2), Devil's Peak and White Lies on linear (co-produced with Fremantle, Canal +, Abacus Distribution and BBC Studios-owned Lookout Point) and Spinners, Original Sin: My Son The Killer, and Catch Me a Killer, on streaming. Across Africa, the group launched 3 new proprietary channels - in Ethiopia (Maaddii Abol), Uganda (Pearl Magic Loko) and Mozambique (Maningue Magic Kool) while also producing content in Africa's 4th most spoken language, Oromo.

SuperSport broadcast 34 490 live events during the year – arguably more live sport than any other broadcaster in the world. Highlights included the Rugby World Cup in France, the Cricket World Cup in India, a second  SA20 season in South Africa, AFCON, FIFA Women's World Cup in New Zealand and Australia, as well as the Netball World Cup in Cape Town.

SuperSport Schools more than doubled its registered user base during the year. The fast-growing platform displayed more than 49 000 hours of live programming across 43 different sports codes, covering 900 school sport festivals and events, featuring more than 1 100 schools, and over 14 500 teams.

SEGMENTAL REVIEW

South Africa Pay-TV (MultiChoice South Africa)

Due to a strong focus on retention initiatives, the decline in active subscribers in South Africa was limited to 5%, despite the challenging environment. The base now stands at 7.6 million households.  Power outages experienced on 275 days of the year further discouraged potential subscribers without backup power.

Although the Premium bouquet is trending toward a stable base given the targeted retention efforts, the premium customer tier (which includes the Premium and Compact Plus bouquets) declined by 8%. The mid-market Compact base, which is most exposed to the macro-economic challenges, was down 9%, while the mass-market tier was 2% lower due to pressure in the Family base, the impact of loadshedding, and reduced decoder subsidies.

A consequent 3% decline in subscription revenues and softer advertising income weighed on the segment's total revenues (-2% to ZAR33.6bn), but was partially offset by strong traction from new revenue streams, especially the insurance business (NMSIS) which reported a 35% increase in premium revenue to almost ZAR1bn. Several interventions to reduce costs enabled the SA business to achieve a trading margin of over 26%.  

Rest of Africa Pay-TV (MultiChoice Africa)

The business in the Rest of Africa faced the toughest macro-economic conditions in its core markets with high, double-digit inflation and extreme depreciation of local currencies, (especially in Nigeria, Angola, Kenya and Zambia) which impacted USD revenues by 32%.

The active subscriber base declined to 8.1m, but effective retention efforts contributed to an improved subscriber mix.

Due to the challenging market dynamics, the short-term focus of this business shifted from subscriber growth to safeguard profitability and cash flows. Several cost-saving initiatives were implemented, including scaling back significantly on decoder subsidies (-46% YoY or ZAR1.3bn), and reducing SG&A costs by ZAR500m. These interventions enabled the Rest of Africa business to increase trading profit by 48% YoY to ZAR1.3bn.

Sub-Saharan Africa SVOD (Showmax)

FY24 was a pivotal year for Showmax as it relaunched across 44 markets in sub-Saharan Africa on Peacock's world-class platform, which is 4K/HDR and ATMOS ready. Almost 100% of the eligible customer base was migrated to the new Showmax platform, and 88% of those migrated had reactivated their accounts in the seven weeks to year-end.

Alongside local content from M-Net, Mzansi Magic, Africa Magic and Maisha Magic, Showmax ramped up its local content, releasing 59 original movies and series in SA, Nigeria, Kenya and Ghana (FY23: 48). Popular shows that drove viewership included Tracking Thabo Bester, Koek, The Mommy Club, Youngins, Red Ink, Adulting, Outlaws and Real Housewives of Durban in South Africa, Cheta'm, Real Housewives of Lagos, Dead Serious, Wura and Flawsome in Nigeria, and Single Kiasi and Second Family in Kenya.

Showmax revenues for the year grew by 22% (+22% organic) to ZAR1.0bn, while trading losses increased to ZAR2.6bn. These losses came in below the expected range of ZAR3-4.0bn. As noted before, due to the partnership agreement signed in 2023, 30% of Showmax's funding requirements is contributed by Comcast.

Technology (Irdeto)

Irdeto's strong execution, enabled it to become the market leader in managed security services for video with a 22% market share. It also saw significant success in combatting piracy, taking down some 30 000 streaming piracy services during the year. Revenue increased by 17% (7% organic) driven by external customers across video entertainment, gaming and connected transport, with some additional uplift from a weaker ZAR against the USD. Disciplined cost management supported a 23% trading margin.

Irdeto shipped its first keyless solutions to leading customers, including one of the largest fleet operators in the US market. This resulted in a revenue increase of 119% YoY in the connected transport division, with revenue from new services now representing a combined 35.7% of total revenues. 

Sports betting and interactive entertainment (KingMakers)

KingMakers reported strong growth in the online business in Nigeria, with monthly active users up 37% YoY and online gross gaming revenues up 26% YoY in constant currency. New products were also launched, including BetKing Casino and BetKing FootballGO, a virtual football sportsbook service.

Revenue of USD147m was affected by the weak Naira, while the business reported a positive EBITDA of USD2m. At the end of its December year-end the business had a retained cash balance USD113m to fully fund its growth initiatives.

KingMakers launched the SuperSportBet business in South Africa in January 2024. Its pre-game shows and live feed integration with SuperPicks, as well as the Playbook preview show were key drivers of uptake, further supported by SuperSportBet becoming the official betting partner of local soccer clubs, Kaizer Chiefs and Orlando Pirates.

Fin-tech (Moment)

After being founded during FY23, Moment officially launched in FY24. The business played a vital role in the Showmax relaunch stepping up to fill a critical payments gap. In January this year, Moment also began processing MultiChoice's payments for DStv, reaching a milestone of processing USD85m in payments in early March 2024.

To-date, Moment has processed local and cross-border card payments in 44 Showmax markets and is already accounting for more than 20% of Group's payment volumes. It also joined real-time payment networks in 18 countries, including South Africa, and is currently piloting instant payment and account activation for DStv.

The business raised an additional USD22m of funding, with MultiChoice contributing USD8m. As a result, Moment is now valued at USD82m and MultiChoice owns a 26% stake.

FUTURE PROSPECTS

The linear video-entertainment business remains the mainstay of the group's operations and provides a valuable base from which to expand its service offerings. The new streaming, interactive entertainment, fintech and connectivity services are having a positive impact on the business, and more importantly, on the lives of its customers. Going forward, the group will focus its efforts on scaling Showmax, Moment, SuperSportBet, as well as on driving growth in insurance (NMSIS), DStv Internet and DStv Stream.

To counter the challenges around an uncertain economic recovery globally and across the group's operating footprint, the group will continue to drive business efficiency and cost optimisation, with an increased cost savings target of ZAR2bn.

Not only should this mitigate the ongoing impact of currency volatility and consumer weakness on performance, but together with the company's strategic plans to continue adapting its platforms to cater to customers' evolving needs, it positions the group well to prosper once currencies stabilize and economies rebound.

Distributed by APO Group on behalf of MultiChoice Group.

MultiChoice Group Contact Details: 
Litlhare Moteetee
Senior Manager: Corporate Communications 
Litlhare.Moteetee@Multichoice.co.za     

Meloy Horn, Head of Investor Relations 
Mobile: +27 82 772 7123 
meloy.horn@multichoice.com    

About MultiChoice Group:
MultiChoice Group (MCG), listed on the Johannesburg Stock Exchange (JSE), is a leading provider of entertainment and related consumer services, with an expanding ecosystem, underpinned by scalable technologies, and a track record now spanning almost 40 years.  MCG provides video entertainment products and services through its linear and streaming platforms to 23.5m households across 50 countries on the African continent and continues to grow by producing and acquiring the best local, sport and international content and offering tiered subscription packages and aggregated streaming services to its customer base. MCG's superior technology capabilities enables it to continue innovating around distribution, digital and payment solutions and content security to offer the best customer experience across the continent. Reaching up to 100 million individuals on a daily basis, the MultiChoice Group is using its scale and distribution to expand its platform to include sports betting and interactive entertainment, fin-tech services, household services (focused on internet connectivity and emergency response services) and ed-tech. Irdeto, MCG's technology business, provides platform cybersecurity services which protect over 6bn devices and applications globally for some of the world's best media and technology brands, as well as clients in the connected industries sector. 

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From Spy Trojans to Ransomware: Cyberthreats industrial organisations in Africa should be aware of

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Kaspersky

According to Kaspersky (www.Kaspersky.co.za) statistics, in the first quarter of 2024, the percentage of Industrial Control Systems (ICS) computers globally on which malicious objects were blocked decreased by 1.3 percentage points (pp) from the first quarter of the previous year - to 24.4%. In Africa the amount of malware remained almost unchanged, on a level much higher compared to other regions - 32.4% of ICS computers in Africa faced cyberthreats in the first quarter of 2024. In South Africa the figures are 23.5% in Q1 2023 and 25.5% in Q1 2024, Kenya – 28.1% and 30.5%, while in Nigeria – the figures grew from 25.3% to 28%.

In the first quarter of 2024, Kaspersky's protection solutions blocked malware from 10,865 different malware families of various categories on industrial automation systems. The African region is over-exposed to threats spreading via the Internet, which are the most common initial-access tools for cyber attackers. The region also leads in charts of malware spread via removable devices (5.6% of ICS computers faced it, compared to the global figure of 1.13%), which is the other way for cyber attackers to try to bypass the safeguards at the perimeter and to spread within the internal infrastructure.

Malicious objects that are used for initial infection of computers include dangerous Internet resources that are added to denylists (this threat was blocked on 8.78% of ICS computers in Africa), malicious scripts and phishing pages (6.9%), and malicious documents (1.83%). These malicious objects are normally used at the initial phases of the attack chain. As a result, they are blocked by security solutions more often than everything else. This is normally reflected in Kaspersky Security Network statistics.

Malicious objects used to initially infect computers deliver next-stage malware – spyware, ransomware, and miners – to victims' computers. Spyware (Trojan-Spy malware, backdoors and keyloggers), which is mostly used to steal money or confidential data, is also widespread both globally and in Africa (blocked on 6.65% of ICS computers in Africa).

Worms and viruses are types of self-propagating malware. To spread across ICS networks, viruses and worms rely on removable media, network folders, infected files including backups, and network attacks on outdated software. This type of malware is very active in African countries compared to other regions and global average. Extremely high rates of self-propagating malware in the region most probably mean there's a significant portion of OT infrastructure yet to be protected by security solutions (which is where the malware continuously spreads from) and there's room for improving the overall cybersecurity culture to follow strict cybersecurity policies.

ICS computers in Africa continue to face covert crypto-mining programs - miners in the form of executable files for Windows and web miners, though this type of malware is decreasing in the recent years. If successfully installed these provide cybercriminals steady earnings from using victim's computer processing power.

Since AutoCAD software is widely used in ICS organisations, cybercriminals also try to make use of this and similar programs creating special malware, detection of which increased in the first quarter of 2024 compared to previous quarters.

The Middle East and Africa lead among regions where ransomware is spread; though not high in numbers (0.28% and 0.27% of ICS computers faced these respectfully), this may pose serious risk to organisations, especially if data encryption scenario is selected by cybercriminals.

“Africa is actively integrating technologies, but it's important to keep cybersecurity in mind and apply it to both new technologies and currently used solutions. By a security mindset we mean implementing reliable solutions, setting up security policies and educating employees depending on their level of relation with OT. This applies to all infrastructures, but is especially important in operational technology, where risks of material consequences are very high and impact on safety is possible. We hope organisations in Africa will set the stage in the region for a future where technology and security go hand in hand,” says Evgeny Goncharov, Head of Kaspersky's ICS Cyber Emergency Response Team.

To keep ICS computers protected from various threats, Kaspersky experts recommend:

  • Using security solutions for operation technology endpoints and networks, such as Kaspersky Industrial CyberSecurity (http://apo-opa.co/4e0oN1a) to ensure comprehensive protection for all industry critical systems.
  • Regularly updating operating systems and application software that are part of the enterprise's industrial network. Apply security fixes and patches to ICS network equipment as soon as they are available.
  • Conducting regular security audits of operation technology networks to identify and eliminate security issues.
  • Undertaking dedicated ICS security training for IT security teams and OT engineers, which is crucial to improve responses to new and advanced malicious techniques.
  • Using ICS network traffic monitoring, analysis and detection solutions for better protection from attacks potentially threatening technological processes and main enterprise assets.
  • Protect IT infrastructure using solutions for timely detection of cyberthreats, investigation, and effective remediation of incidents, such as Kaspersky Next (http://apo-opa.co/3KoMxhU).
  • Providing the security team responsible for protecting industrial control systems with up-to-date threat intelligence. ICS Threat Intelligence (http://apo-opa.co/3wWHamS) Reporting service provides insights into current threats and attack vectors, as well as the most vulnerable elements in OT and industrial control systems and how to mitigate them.

A full report on ICS threats in the first quarter of 2024 is available at ICS CERT website (http://apo-opa.co/3KnQUtu).

Industrial cybersecurity is one of the main topics being discussed by Kaspersky experts at GITEX Africa in Morocco, on 29-31 May 2024.

Distributed by APO Group on behalf of Kaspersky.

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 220,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.

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