While AI-powered cyber attacks become a rising concern across the globe, ransomware continues to grip SA firms.
Generative artificial intelligence is a growing concern for cyber security officers across the world.
The panel consisted of Johan Taute, manager of cyber defence at Vodacom Group; Lukhanyo Zahele, executive head of department for security at Vodacom Business; and Africa Analysis telecoms analyst Dobek Pater. “We’re also seeing concerns around what will happen when quantum computing comes into play…and trying to ensure our businesses are quantum safe.”
Closer to home, Zahele said business e-mail compromise remains a challenge. “These are getting more and more vast and more complicated, and most companies don’t have the resources to mitigate some of these advanced attacks.”This, it notes, is because today’s external cyber threat landscape is dominated by highly-organised groups, leveraging cutting-edge technology to exploit vulnerabilities.
Zahele noted: “South Africa is number five when it comes to companies with internet access. As SA and the continent move to more digitalised platforms…this is exposing more people to these types of attacks mentioned .”The report reveals that eight out of 10 surveyed South African businesses said they experienced a cyber attack in the past year, with only 32% of organisations saying cyber security training is prioritised among employees.
The report further shows that 36% of companies are confident they can prevent a ransomware attack without significant operational disruption.found that 41% of organisations globally said ransomware is in their top three security challenges. For businesses that operate in the public, health and finance sectors, ransomware attacks are some of the most prevalent.
Omdia Johan Taute Ransomware Cyber Security Lukhanyo Zahele Cyber Crime Digital Transformation Cyber Threats Generative AI Videsha Proothveerajh
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