SA cyber threat barometer released

SECURITY

|
Image: Craig Rosewarne. By BiztechAfrica
Craig Rosewarne

With over R2.6bn stolen in cybercrimes in SA in the past 18 months, a new report maps out the biggest cyber threats in the country.

The 2012/13 South African Cyber Threat Barometer was released by IT security firm Wolfpack Information Risk in Johannesburg today. Wolfpack Managing Director Craig Rosewarne said the report was the result of extensive research into the cyber threat landscape in South Africa.

“The report is intended to provide ongoing insight to support the Cabinet’s recently-approved National Cyber Security Policy Framework,” he said, and was researched and compiled with the support of the British High Commission.

Rosewarne said while the true cost of cyber crime was difficult to assess, conservative estimates showed that over R2.6 billion rand had been stolen in cyber crimes in the country in the past 18 months. With a recovery rate of up to 75%, much of the stolen money had been recovered, but the impact and additional costs of cyber crime were far greater than this, he noted. Relatively few cyber crimes are reported and successfully prosecuted in SA, Rosewarne said.

The report warned that the African continent as a whole is particularly vulnerable to cyber security threats. With cheaper and faster internet, more Africans will be ‘always on’ or continually connected, increasing the number of ‘new’ internet users who are not security-savvy, it said.

Rosewarne noted that cyber crime threatens everyone, and called on the public and private sector to work together to combat it. He said key issues identified in the research included poor threat management, with inadequate maintenance and management of audit logs; the lack of a national Computer Security Incident Response Team (CIRT) in SA and a lack of deep technical skills. He added that archaic processes and a lack of information security skills in law enforcement agencies made reporting and prosecution in cyber crimes difficult.

Collaboration between the public and private sector, specialised training and the establishment of a CIRT were among the recommendations made to combat the threats.

Top threats

Stakeholders in key sectors were polled on what they saw as the greatest potential threats to their industries. The threat of denial of service (DoS) attacks and the unavailability of ICT were cited as the highest potential cyber threats against government and financial sectors and were ranked high in the telecoms sector.

Intrusions and economic fraud were ranked as the second-greatest cyber threats in SA.

On the question of what are seen as the services most likely to be targeted by cyber criminals in SA, respondents said internet banking, e-commerce web sites and social and entertainment web sites were likely targets. Respondents in government felt that critical information infrastructure was also at risk.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE SECURITY NEWS

Cyber security gets topical during ICT pitso

Delegates at Botswana's annual ICT Pitso in Gaborone have agreed there is a need to develop Comprehensive National Cybersecurity Strategies, create cybersecurity awareness and build capacity to address cybercrime. Read More

Frost & Sullivan honours DERMALOG with biometrics prize

Frost & Sullivan has awarded Germany’s largest biometrics manufacturer DERMALOG and its customized solutions and products for Africa with the 2015 African Biometrics Company of the Year Award. Read More

Chams urges insurers to embrace IT to grow business

Indigenous IT firm Chams Plc has urged Chief Executive Officers of risk-bearing companies struggling to make appreciable inroads into the rural communities of Nigeria to look in the direction of deploying IT tools. Read More

2nd Cyber conference set for October

The African Cyber Risk Institute (ACRI) will host its 2nd Annual African Cyber Conference on Thursday, October 8, 2015 at Cresta Lodge Hotel in Gaborone.  Read More

Consumers suffering from ‘digital amnesia’

Kaspersky Lab says growing numbers of consumers struggle to recall memories trusted to connected devices. Read More

Information Security: The biggest barrier to the Internet of Things

Trust is critical for IoT to achieve its potential, especially in terms of its adoption by the mass market, says Gemalto. Read More

Kaspersky Lab, Gabonese Government to Cooperate on IT Security

Kaspersky Lab has signed a memorandum of understanding with the National Agency of Digital Infrastructures and Frequencies (ANINF) in Libreville, Gabon.  Read More

The importance of password security

Many users assume their passwords are of no value to cyber criminals, says Kaspersky Lab. Read More

MTN Business expands partnership with Samsung to offer enterprise customers increased security

Samsung Electronics South Africa has announced that MTN Business has been appointed as a reseller of Samsung’s KNOX licenses to its customers.  Read More

Ghanaian to moderate Council of Europe Conference on Cybercrime

A Ghanaian cyber security expert, Albert Antwi-Boasiako, has been selected by the Council of Europe to moderate a session at its Cooperation against Cybercrime - Octopus Conference in Strasbourg, France. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Young innovators shine during pitch sessionsYoung innovators shine during pitch sessions

Botswana saw an array of upcoming tech wizards selling their ideas during the Vendors’ Day pitch sessions this week.

IN DEPTH

High tech homes: Just press playHigh tech homes: Just press play

High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.