South Africa has the highest rate of cybercrime on the continent‚ a report by United States-based technological giant Cisco revealed on Monday.
Cisco’s Annual Security Report says that “today’s attackers launch more sophisticated‚ bold and resilient campaigns”.
Greg Griessel‚ consulting systems engineer security solutions at Cisco South Africa‚ said: “Cyber criminals are getting smarter and employing a number of personalised tactics‚ which places businesses at greater risk. 92 percent of business leaders agree that regulators and investors will expect companies to manage cyber-security risk exposure. These leaders need to essentially increase measures to secure their organisations’ future‚ particularly as they digitise their operations.”
Griessel believes that an understanding of the tactics employed by cyber criminals is an absolute necessity.
“Businesses are up against security challenges that inhibit their ability to detect‚ mitigate and recover from common and professional cyber-attacks‚” he says.
“Aging infrastructure and outdated organisational structure and practices are putting them at risk. The South African public and private sector need to understand what they are up against and arm themselves before the worst case scenario becomes a reality.”
The report says that only “45 percent of organisations worldwide are confident in their security posture” as today’s attackers launch bold and sophisticated campaigns.
“Hackers increasingly tap into legitimate resources to launch effective campaigns for profit-gain,” Griessel says.
“The study sounds a global call-to-arms for greater collaboration and investment in the processes‚ technologies and people to protect against industrialized adversaries.”
Source: TMG Digital
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