Connect with us

Featured

SA still not ready for threat to private data

Published

on

Digital businesses need to adopt a more proactive approach to cyber-security that entails a better understanding of the risks. This is according to LUSHEN PADAYACHI, Head of Security, BT in Africa.

With the size of the internet economy alone estimated to be about $4.2 trillion in 2016 and online trade accounting for an ever-increasing share of global GDP, criminals inevitably see opportunities in the vulnerabilities of digital businesses. And although awareness of the threat has never been higher, the majority of businesses do not comprehend the methods and motivations of the attackers or fully understand the scale of this threat. In fact, according to research2 97% of companies surveyed have been the victim of digital attacks, yet only 22% are fully prepared to deal with such incidents in the future.

This, Lushen believes, is reflective of global security trends where malicious users are targeting business and its sensitive back-end data, and businesses globally and locally are struggling to keep up with effective protection methods, tools and strategies.

“While there is increased awareness around security issues in corporate South Africa, a lot more work needs to be done to educate the market. Far too many companies adopt a reactive style of cyber-policing. While this might have worked a few years ago, the increasingly sophisticated types of attacks occurring means that it might take months before some data breaches are even discovered – and this can be fatal to a business’s operations,” says Lushen.

By then, the damage would be significant especially considering how data has grown in recent times and its importance to derive competitive advantage. In fact, digital crime currently costs the world in the region of $400 billion3 every year – a massive risk to the continued growth of our digital economy.

“With data playing such a critical role in the digital business, and the digital economy becoming a significant driver, corporates need to take cyber-security more seriously than ever before. In South Africa with its complex regulatory and compliance environment, the pressure is even more significant on ensuring that customer data is protected.”

Pointedly to this, businesses must be as agile and quick on their feet as their criminal assailants, but many feel that their response is hampered by regulation (49%2), lack of skills and people

(45%), reliance on legacy systems (46%), inflexible processes within the organisation (38%) and reliance on third parties (94%).

This, he says, plays to the fear of losing private data and what it means for not only consumers, but the organisations that need to safeguard it. Irrespective of the financial loss these breaches could have, the reputational ones are substantial.

“Security is about trust and transparency. Organisations who fail to develop a clear idea of the risks and the strategies that are required to protect data, will not survive long in this new digital age. One of the best ways to go about doing this is to understand how attacks take place. By taking the time to invest in understanding the threats, the organisation will be able to identify the weak points in its cyber-security policies.”

As with all things related to ICT, the security landscape is constantly changing. Companies therefore need to understand both the imminent threats as well as the ones they might face in two or three years’ time. Part of this is to conduct a thorough audit of the corporate network. By examining all channels associated to data input and output, the business will get a clearer idea of the security priorities.

“Thanks to the growth of internet connectivity in South Africa, the country is becoming less isolated in the global market. However, this also means that companies are likely to attract the attention of malicious users – many of whom might pursue a hacktivist agenda. Ultimately, behaviour needs to change when it comes to cyber-security. The way forward lies in ensuring the security is central to delivering strategic goals of the company. This takes us way beyond putting up fences. Companies need to take initiative and start being more proactive now,” says Lushen.

Featured

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.

Published

on

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:

  1. Download the Absa App
  2. Choose the account you would like to open
  3. Tell us who you are
  4. To keep you safe, we will verify your cell phone number
  5. Take a selfie, and we will do facial matching with the Department of Home Affairs to confirm you are who you say you are
  6. Tell us where you live
  7. Let us know what you do for a living and your income
  8. Click Apply.

 

Continue Reading

Featured

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.

Published

on

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.

 

Continue Reading

Trending

Copyright © 2018 World Wide Worx