Cy­ber­crime fight calls for joint ef­fort

The Star Late Edition - - METRO - TIM AYLING Ayling is global head of fraud pre­ven­tion so­lu­tions at Kasper­sky Lab.

BE­ING dig­i­tal is no longer a trend but a way of life. Busi­nesses, in­clud­ing those in the bank­ing sec­tor pro­mot­ing cash­less trans­ac­tions, are try­ing to adapt to chang­ing con­sumer be­hav­iour by adopt­ing new dig­i­tal plat­forms. While these plat­forms pro­vide agility and flex­i­bil­ity, they are also a gate­way for cy­berthreats and fraud, and busi­nesses and con­sumers alike need to be aware of this.

A re­cent sur­vey un­der­taken in the Mid­dle East, Tur­key and Africa re­gion (Meta) shows that 86% of South Africans reg­u­larly use on­line bank­ing, which is higher than the Mid­dle East and Tur­key.

De­spite this, the sur­vey also shows that South Africans are the most scep­ti­cal when it comes to the se­cu­rity of on­line bank­ing – and have rea­sons to be con­cerned with credit card fraud alone hav­ing in­creased to R436 mil­lion last year.

South African on­line bankers were the high­est tar­geted in hack­ing at­tempts in the re­gion at 18%.

The re­al­ity is that in­for­ma­tion has be­come the “new oil” not only for busi­nesses try­ing to ac­quire in­tel­li­gence, but also for cy­ber­crim­i­nals.

And these crim­i­nals are con­tin­u­ously craft­ing new ways to at­tack. In fact, we de­tect 360 000 new ma­li­cious files daily.

Cy­ber­crime is a and South Africa im­mune.

This re­quires or­gan­i­sa­tions to up­skill on threat de­tec­tion and in­vest in tech­nol­ogy that iden­ti­fies threats in real time to en­sure that they can of­fer their cus­tomers a true cy­ber­se­cu­rity strat­egy that takes into ac­count data pro­tec­tion.

Com­pa­nies need to en­sure cy­ber­se­cu­rity forms part of their tech­nol­ogy adop­tion strat­egy. Over and above this, con­sumers need to be equally aware of the threat and en­sure that they only make use of ser­vice providers which take cy­ber­se­cu­rity se­ri­ously. global chal­lenge is cer­tainly not

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