The world is engaged in an invisible war, with honest businesses at one end and cybercriminals at the other. Cyber security is no longer just a concern, but is inevitable, writes NITHEN NAIDOO, CIO of Snode
Cybersecurity is no longer just a pressing concern for the IT industry, it is a very real issue that every business has to contend with. Put plainly, a cyberattack is not just likely, it’s inevitable.
What’s more, many organisations’ security can already have been compromised, without them necessarily knowing even it. Today’s security landscape is no longer defined by the known and familiar attack vectors, responded to by the traditional defences of installing a firewall, antivirus solutions and constantly updated threat signatures. Rather, companies are being attacked in ways they cannot predict and often, don’t even detect using traditional approaches to cybersecurity.
Furthermore, companies are understandably reluctant to share details of how and when their security has been compromised, for fear of their reputations being damaged. This is exacerbated by the fact that they are facing advanced, highly motivated, and extremely well organised attackers, who are globally dispersed and often part of a much larger crime syndicate. This gives cybercriminals a structural advantage, making it all the more likely that they will continue to win the battles they wage.
However, with the explosion of information, we are now facing a situation where we have too much data and too little intelligence. To address all these concerns, Snode was designed to offer clients always-on intelligence solution, by concentrating on and examining the behaviour of data packets on a network. It is analogous to examining and focusing on what a person does inside your building, irrespective of their credentials. This is a far cry from stopping at whether or not they have a key to the front door, an approach taken by the familiar firewall approach to cybersecurity. To put it bluntly, if any organisation thinks having a firewall in place will protect them from any and all attacks, they are quite simply wrong.
The good news is that attacks can be pre-empted. Because solutions like Snode focus on behaviour, rather than accepting log entries, its intelligent approach to security can detect precursor signs that an attack is imminent, by identifying the profile of abnormal behaviour and acting accordingly.
However, it is critical that those fighting cyberattacks have a united front. That doesn’t mean that companies need to share their data or disclose when they have been attacked. One of the advantaged of Snode is that it automatically and anonymously shares analytics and insights gleaned from existing attacks, while learning the patterns behind criminals’ attempts to attack their network. This means that the more customers using an augmented intelligence solution, the stronger it becomes as a line of defence.
From a local perspective, it is worth noting that cyber attackers are turning their attention to countries like South Africa. Indeed, emerging such as Bangladesh, Vietnam, and South Africa are viewed as soft, and lucrative, targets by organised crime syndicates with highly advanced cyber capabilities. The fact that these are advanced economies that have not made the same kind of security investments as their developed nation counterparts make them a dream target for hackers.
To confirm this, you only need to look at the list of countries being targeted by the recent wave of SWIFT attacks which are plaguing the banking sectors.
Even as dire as the cybercrime situation may sound, it doesn’t mean that the fight against cybercrime is hopeless, but rather that businesses need to be considerably more intelligent about their security, and stand together, figuratively speaking, to defeat this scourge.
Now download a bank account
Absa has introduced an end-to-end account opening for new customers, through the Absa Banking App, which can be downloaded from the Android and Apple app stores. This follows the launch of the world first ChatBanking on WhatsApp service.
This “download your account” feature enables new customers to Absa, to open a Cheque account, order their card and start transacting on the Absa Banking App, all within minutes, from anywhere and at any time, by downloading it from the App stores.
“Overall, this new capability is not only expected to enhance the customer’s digital experience, but we expect to leverage this in our branches, bringing digital experiences to the branch environment and making it easier for our customers to join and bank with us regardless of where they may be,” says Aupa Monyatsi, Managing Executive for Virtual Channels at Absa Retail & Business Banking.
“With this innovation comes the need to ensure that the security of our customers is at the heart of our digital experience, this is why the digital onboarding experience for this feature includes a high-quality facial matching check with the Department of Home Affairs to verify the customer’s identity, ensuring that we have the most up to date information of our clients. Security is supremely important for us.”
The new version of the Absa Banking App is now available in the Apple and Android App stores, and anyone with a South African ID can become an Absa customer, by following these simple steps:
- Download the Absa App
- Choose the account you would like to open
- Tell us who you are
- To keep you safe, we will verify your cell phone number
- Take a selfie, and we will do facial matching with the Department of Home Affairs to confirm you are who you say you are
- Tell us where you live
- Let us know what you do for a living and your income
- Click Apply.
How we use phones to avoid human contact
A recent study by Kaspersky Lab has found that 75% of people pick up their connected device to avoid conversing with another human being.
Connected devices are becoming essential to keeping people in contact with each other, but for many they are also a much-needed comfort blanket in a variety of social situations when they do not want to interact with others. A recent survey from Kaspersky Lab has confirmed this trend in behaviour after three-quarters of people (75%) admitted they use a device to pretend to be busy when they don’t want to talk to someone else, showing the importance of keeping connected devices protected under all circumstances.
Imagine you’ve arrived at a bar and you’re waiting for your date. The bar is busy, and people are chatting all around you. What do you do now? Strike up a conversation with someone you don’t know? Grab your phone from your pocket or handbag until your date arrives to keep yourself busy? Why talk to humans or even make eye-contact with someone else when you can stare at your connected device instead?
The truth is, our use of devices is making it much easier to avoid small talk or even be polite to those around us, and new Kaspersky Lab research has found that 72% of people use one when they do not know what to do in a social situation. They are also the ‘go-to’ distraction for people even when they aren’t trying to look busy or avoid someone’s eye. 46% of people admit to using a device just to kill time every day and 44% use it as a daily distraction.
In addition to just being a distraction, devices are also a lifeline to those who would rather not talk directly to another person in day-to-day situations, to complete essential tasks. In fact, nearly a third (31%) of people would prefer to carry out tasks such as ordering a taxi or finding directions to where they need to go via a website and an app, because they find it an easier experience than speaking with another person.
Whether they are helping us avoid direct contact or filling a void in our daily lives, our constant reliance on devices has become a cause for panic when they become unusable. A third (34%) of people worry that they will not be able to entertain themselves if they cannot access a connected device. 12% are even concerned that they won’t be able to pretend to be busy if their device is out of action.
Dmitry Aleshin, VP for Product Marketing, Kaspersky Lab said, “The reliance on connected devices is impacting us in more ways than we could have ever expected. There is no doubt that being connected gives us the freedom to make modern life easier, but devices are also vital to help people get through different and difficult social situations. No matter what your ‘connection crutch’ is, it is essential to make sure your device is online and available when you need it most.”
To ensure your device lifeline is always there and in top health – no matter what the reason or situation – Kaspersky Security Cloud keeps your connection safe and secure:
· I want to use my device while waiting for a friend – is it secure to access the bar’s Wi-Fi?
With Kaspersky Security Cloud, devices are protected against network threats, even if the user needs to use insecure public Wi-Fi hotspots. This is done through transferring data via an encrypted channel to ensure personal data safety, so users’ devices are protected on any connection.
· Oh no! I’m bored but my phone’s battery is getting low – what am I going to do?
Users can track their battery level thanks to a countdown of how many minutes are left until their device shuts down in the Kaspersky Security Cloud interface. There is also a wide-range of portable power supplies available to keep device batteries charged while on-the-go.
· I’ve lost my phone! How will I keep myself entertained now?
Should the unthinkable happen and you lose or have your phone stolen, Kaspersky Security Cloud can track and protect your device from data breaches, for complete peace of mind. Remote lock and locate features ensure your device remains secure until you are reunited.