CX Consulting (Pty) Ltd’s Post

🚨 South Africa’s Cybersecurity Crisis: Interpol and Hawks Join Forces 🦅💻 Cyberattacks cost South Africa an estimated R2.2 billion annually, with our region facing an alarming 3,300 attacks per week—nearly double the global average. 🤯 As reported by eNCA, INTERPOL and the Hawks held a two-day conference in Pretoria to boost global and regional collaboration against the rising tide of cybercrime. According to the 2024 CSIR National Cybersecurity Survey: ⚠️ 47% of organisations experienced 1-5 cyber incidents in the past year. ⚠️ 90% of those reported multiple data breaches. ⚠️ Phishing and malware remain the top attack methods. INTERPOL considers South Africa, an easy target, and authorities are urging everyone to remain vigilant and report cybercrime. 🔗See the full story:https://lnkd.in/d8EuVuff 🛡️ Don’t leave your business exposed. At Kernel Afrika, we’re here to help with enterprise Identity Access Management (IAM) and Privileged Access Management (PAM) solutions designed to keep your systems safe. Plus, as the official regional distributor of YubiKeys, we’ve got the tools you need to stay a step ahead. Ready to secure your business? 📩 Drop us an email at info@kernelafrika.com 🔑 Get your YubiKeys: https://lnkd.in/dFQFcJMp #cybersecurity #cyberattacks #databreach #phishing #malware #LatestCyberThreats #KernelAfrika

The Growing Need for Cybersecurity in South Africa 🛡️ As digital threats escalate, cybersecurity has become critical for South African businesses. Here are some eye-opening stats specific to South Africa: 🔐 51% of South African businesses experienced ransomware attacks in 2023. 💻 62% of small-to-medium enterprises (SMEs) reported phishing as their most frequent threat. 📈 Cybercrime costs South Africa approximately R2.2 billion annually. These statistics underscore the pressing need for robust cybersecurity measures to protect valuable data and prevent financial losses. Sources: Statistics from the South African Cybersecurity and Cybercrime Report 2023, SABRIC (South African Banking Risk Information Centre), and ITWeb’s 2023 Cyber Threat Survey. Secure your business today! Reach out to us to learn how we can help safeguard your operations with tailored cybersecurity solutions. Don't wait until it’s too late. #CybersecuritySA #DataProtection #CyberAwareness #ProtectYourBusiness #CyberStatsSouthAfrica #ActNow

🔐 South Africa is Underprepared for Cyber Threats Cybercrime is costing South African businesses up to R360 million per breach, but the true figure could be much higher due to unreported incidents. Despite these alarming numbers, many organizations—and even our government—remain slow to increase cybersecurity budgets. The risks aren’t just financial; they affect supply chains, customer trust, and even national security. What’s at stake? 💡 Our businesses 💡 Our economy 💡 Our military We need stronger reporting frameworks, better funding, and a national strategy to address the growing threat of cybercrime. #CyberSecurity #SouthAfrica #RiskManagement #DigitalTransformation

Earlier today, Allianz Commercial released its much anticipated Cyber Security Resilience Report for 2024! The report offers a deep dive into the latest trends in data breaches and privacy risks🚨 I had the incredible opportunity to join eNCA’s Masego Rahlaga and Dan Moyane on #TheSouthAfricanMorning to discuss the findings of the report and how the stats reflect the evolving cybercrime landscape in South Africa 🇿🇦 One of the key aspects noted in the report is that South Africa is ranked 14th globally and is the top African country with the costliest data breaches. In the clip below, I highlight just three of the many factors that contribute to this ranking. For the full interview please visit https://lnkd.in/dBk5kfpG The report is a fantastic read and is available for download at https://lnkd.in/dJvM4qyc Let’s stay informed and safe! #CyberSecurityAwarenessMonth #DataBreach #CyberSecurityResilience #AllianzCommercial

Can Cybersecurity Training for Microfinance Institutions in Kenya Enhance Resilience Against Digital Threats? Microfinance institutions promise to #empower communities through financial inclusion. They offer security to those #traditionally excluded from formal banking. Yet, for some, digital threats pose significant risks to their #operations. Picture this: A small MFI implementing robust cybersecurity training. Their staff becomes #vigilant, and they #thwart a phishing attack with confidence. Now envision another MFI neglecting cybersecurity measures. A #ransomware attack cripples their system, and panic ensues. It's important to realize that the to paths diverge in the realm of cybersecurity for MFIs. Offering cybersecurity training can lead to: Enhanced resilience, Vulnerability to attacks, and Mixed outcomes. It's now clear that challenges will always exist whether we like it or not. How can we make cybersecurity training more effective for #MFIs in Kenya? #Cybersecurity #FinancialInclusion #DigitalThreats #MFIs #SMEs

Why Africa ? And why this is relevant for North America as well ? "Criminals Are Testing Their Ransomware Campaigns in Africa" The booming economies of Africa, rich in natural resources and brimming with potential, are attracting not just investors, but also cybercriminals. Transnational criminal networks do test their deployments in valuable markets, before adjusting to new targets. Yet, their TTPs (Techniques, tactics and procedures) are to be learned from in order to adjust our defenses. This is where cyber threat intelligence (or CTI) bring extra insight into threat modeling, more than just analyzing the real time data. Are you staying aware of the threat landscape ? How are you keeping your security posture effective in the long run ? #cybersecurity #CTI https://lnkd.in/e9nV_9wD

While Africa's booming economies are attracting investors, they’re also drawing ransomware gangs looking to exploit the continent's weaker cybersecurity defences. As Funso R., cybersecurity analyst, puts it, “Africa’s potential for profitable attacks amidst its digital growth is a magnet for cybercriminals.” Gal Nakash agrees, stating, “Leveraging less interesting or poorly secured victims is more effective and increases the likelihood of remaining undetected by security tools.” Our recent report, Cyber Warfare: Expert Analysis on Nation-State Attacks, reveals a controversial trend: cybercriminals are treating Africa as a low-risk testing ground before unleashing their full-scale attacks on the rest of the world. Are African nations and businesses being left vulnerable in the global cyber war? It's time for a serious wake-up call. Read the full article published on Dark Reading > https://lnkd.in/e9nV_9wD Download the report here > https://lnkd.in/ejcrJBPE #Cybersecurity #Ransomware #Africa #DigitalDefense #WakeUpCall #CyberWarfare

💻 Cybersecurity: A Necessity, Not a Luxury 🔒 In Africa, where digital transformation is accelerating, over 90% African businesses lack proper cybersecurity infrastructure. This isn't just a statistic—it's a ticking time bomb for economies, livelihoods, and reputations. 🌍 This highlights how vulnerable even large organizations are without proper protection. 📉 The Impact: A staggering 80% of African businesses report having fallen victim to some form of cyberattack, yet many struggle to afford adequate cybersecurity measures. This leaves SMEs particularly vulnerable, putting both financial and reputational security at risk. 🔐 What can you do? Cybersecurity is no longer a luxury—it's a critical investment. Don't wait until it's too late. Basic defenses like firewalls, endpoint protection, and employee awareness training can go a long way in keeping your business safe. Don’t wait until it’s too late. Protect your business’s future today! 🔒 Comment below 👇 if you have any suggestions/advice for small businesses below⬇️ #CyberSecurity #Africa #Ransomware #Malware #Phishing #BusinessContinuity #DigitalTransformation

Cyber security is top of mind for businesses of all sizes. Attending ITWeb Security Summit in South Africa next week? Let's have a chat about partnership opportunities and how business can be done better. #BusinessDoneBetter #ITWebSS2024 MTN Business MTN South Africa

The urgency for finalizing South Africa's Cyber Security Bill has never been greater. At the ITWeb Security Summit 2024 in Johannesburg, experts stressed the need for swift legislative action to combat escalating cyber threats. Jacqueline Fick, CEO of VizStrat Solutions, highlighted that while progress is being made, the process needs to be fast-tracked. Ayanda Peta, CISO of African Rainbow Minerals, emphasized prioritizing resilience, cyber hygiene, and robust legislation. With South Africa ranked 59th globally in cyber security maturity and facing increasing ransomware attacks, a comprehensive legal framework is essential to protect critical infrastructure and enhance national cyber resilience. #Cybersecurity https://lnkd.in/dnrddeQG