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Lack of experience in IT security breaks the bank

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A recent report has revealed that large businesses that struggle to attract sufficiently skilled IT security experts end up paying up to three times more to recover from a cybersecurity incident.

This is one of the key findings of the recent report by Kaspersky Lab based on the 2016 Corporate IT Security Risks survey conducted by the company in cooperation with B2B International among more than 4000 business representatives from 25 countries, including South Africa. Besides the measurable budget impact, a significant share of businesses is observing a growth in wages, a general shortage in expert availability, and the need for more specialists in the field.

Citing complexity of IT infrastructure, compliance requirements and the overall desire to protect business assets, companies are highly motivated to grow their security intelligence. In fact, for a third of businesses, the improvement of specialist security expertise is one of the top three drivers for an additional investment in IT Security. The growing demand is not easy to fulfill due to a lack of available specialists and increasingly complex requirements. Kaspersky Lab employs hundreds of security professionals, and the company’s own recruitment managers’ report that on average, only one applicant out of forty, meets the strict criteria for an expert position.

But the challenge is not limited to technical know-how. The report quotes Kaspersky Lab’s security experts, who indicate that the need for security managers is even more substantial. On top of deep technical knowledge, managers’ duties include communication with top management and overseeing the overall strategy – qualities that are especially important, and in fact, more appropriate, for large companies. The report adds a final touch to the bigger picture of talent shortage with education challenges. Success in IT security requires a certain degree of passion for this particular IT field, willingness to constantly self-educate, and the ability to adapt to an ever-changing threat landscape. Higher education institutions recognise the need to revise their programmes, and at the same time acknowledge the challenge of embedding security-oriented thinking into a wide variety of IT courses.

Overall, 68.5% of companies expect an increase in the number of full-time security experts, with 18.9% expecting a significant increase in headcount. Higher education is an important part of fulfilling such a demand, but this is also a call for a change within the security industry itself. One of the solutions is to aid universities with relevant experience. Another, and very important in the long term, is to adapt R&D efforts towards the effective sharing of intelligence with corporate customers in the form of threat data feeds, security training and services. A proper combination of security solutions and intelligence is what helps corporate security teams to spend less time on regular cybersecurity incidents and focus on strategic security development and advanced threats.

Veniamin Levtsov, Vice President, Enterprise Business at Kaspersky Lab, comments: “In this evolving industry the relationship with our customers already goes beyond the shipment of a technology or a product. We need to provide them with the skills and training required to identify on-going attacks. Detailed knowledge about attacks on other businesses, in the form of intelligence reports, is also necessary, along with actionable, machine-readable data about on-going threats. Solving the different challenges of threat prevention, the detection of targeted attacks, incident response and prediction requires a lot of flexibility. As a security vendor we are dedicated to increasing the quality and size of the expert security workforce around the world. Among many projects to support this initiative we are developing IT Security Fundamentals – an educational course that will hopefully help more IT professionals to start their journey in the field of security expertise”.

The full report titled “Lack of security talent: an unexpected threat to corporate cybersafety” is available at Kaspersky Lab’s website here.

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Welcome to world of 2099

The world of 2099 will be unrecognisable from the world of today, but it can be predicted, says one visionary. ARTHUR GOLDSTUCK met him in Singapore.

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Futuristic structures tower over the landscape. Giant, alien-looking trees light up with dazzling colours amid the hundreds of plant species that grow up their trunks. Cosmetic stores sell their wares via public touch-screens, with products delivered instantly in drawers below the screens.

This is not a vision of the future. It is a sample of Singapore today. But it is also an inkling of the world we may all experience in the future.

Singapore was the venue, last week, of the World Cities Summit, where engineers, politicians, investors and visionaries rubbed shoulders as they talked about the strategies and policies that would enhance urban living in the future.

As part of the Summit, global payment technologies leader Mastercard hosted a small media briefing by one of Singapore’s leading thinkers about the future, Dr Damian Tan, managing director of Vickers Venture Partners. The company’s slogan “We invest in the extraordinary,” offers a small clue to Tan’s perspective.

“We look as far forward as 2099 because, as a venture capital firm, we invest in the long term,” he tells a group of journalists from Africa and the Middle East. “Companies explode in growth because there is value in the future. If there is no growth, they won’t explode.”

The big question that the Smart Cities Summit and Mastercard are trying to help answer is, what will cities look like in the year 2099? Tan can’t give an exact answer, but he offers a framework that helps one approach the question.

“If you want to look at 81 years into the future, and understand the change that will come, you need to double that amount and look into the past. That takes us to 1856. The difference between then and now is the difference you can expect between now and 2099.”

  •    Arthur Goldstuck is founder of World Wide Worx and editor-in-chief of Gadget.co.za. Follow him on Twitter on @art2gee and on YouTube

Use the page links below to continue reading about Tan’s visions.

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Win a Poster Heater with Gadget and Takealot.com

This winter Gadget and Takealot.com are giving away three Poster Heaters, which look like posters but become heaters when you plug them in.

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Three Gadget readers will each win a unit, valued at R550 each. To enter, follow @GadgetZA and @Takealot on Twitter and tell us on the @GadgetZA account how many Watts the heater consumes.

What’s the big deal about these heaters? Many of us are struggling to keep the balance between soaring electricity costs and the need to keep warm this winter.

However, the recently launched Poster Heater by EasyHeat and distributed in South Africa by Takealot.com is not only one of the most cost effective electric heaters currently on the market, it is also easy to setup and use.

As the name indicates, it is a poster similar to one you would hang on a wall. But, plug it in and it turns into a 300 Watt heater. The Poster Heater isn’t designed to heat hallways or large rooms, but rather smaller ones like a bedroom or a baby’s nursery or a dressing room.

It uses radiant heating, which means that it heats up in a couple of minutes and the heat is directed at the objects or people around it, quickly taking the chill out of the air and providing a comfortable ambient temperature.

The other advantage of radiant heating is that it doesn’t dry out the air like infrared or gas heaters. Users also don’t have to worry about their children or pets getting too close to it because, even though it gets hot, it can be touched.

To enter the competition follow the steps below:

Competition entry details:

1. Follow @GadgetZA and @Takealot on Twitter. (We will ONLY be accepting entries via Twitter, so please don’t enter through the comments section of this article.)

2. Tell us on Twitter, via @GadgetZA, mentioning @Takealot in your posting, how many Watts the Poster Heater consumes.

cleardot.gif3. The competition closes on 31 July 2018.

4. Winners will be notified via Twitter on 1 August and Takealot.com will be in touch to organise delivery.

5. The competition is only open to South African residents.

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