SA cyber threat barometer released
SECURITYBy BiztechAfrica - Sept. 28, 2012, 9:11 p.m.
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.
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.
MORE SECURITY NEWS
2014 Banking and ICT summits pegged for Uganda, Zambia and EthiopiaCyber Security Africa has announced that its 2014 Banking and ICT summits will be hosted in Uganda, Zambia and Ethiopia. Read More
Security in 2014: Money and MayhemIT security stands at the frontier of a fight for wealth and information, says Andrew Kirkland, Regional Director Africa, Trustwave. Read More
McAfee delivers on Intel vision of free mobile securityMcAfee has announced details of free protection for consumers on any Android and iOS mobile device. Read More
Botswana financial institutions exposed to cyber crimeBotswana’s financial institutions face a growing risk of cyber fraud, says BIC MD Dziki Nganunu. Read More
New Android threat risesThe AndroRAT is an example of how cyber criminals can manipulate apps for their own gain, says Intact Security. Read More
Arbor Networks partners with Networks Unlimited in SSAArbor Networks has announced a new partnership with Networks Unlimited to help organisations better mitigate and defend against the growing DDoS threat to their customers’ businesses. Read More
Trend Micro’s 2013 threat roundup highlights private data profitabilityAccording to Trend Micro Incorporated’s 2013 annual threat roundup report, “security breaches, cyber criminals, and organised attacks made it nearly impossible to keep personal and financial data private. Read More
Hardcore goons use mobiles to scare, extort KenyansHardcore criminals in prison are reported to be using mobile phones to extort money and scare Kenyan civilians. Read More
Phone scammers back in businessMicrosoft has warned of scam artists who defraud PC users by pretending to work for Microsoft. Read More
ADT, McAfee study finds parallels between physical, digital securityMcAfee has released the results of a survey that takes a look at the important parallels between personal and online security. Read More
FEATURED STORYMACRA demystifies spectrum management
Malawi's regulator explains the issues around spectrum allocation. Gregory Gondwe reports.
BEST READ NEWS
IN DEPTHYouthConnekt launches Mobile Apps for Human Development Challenge in Rwanda
Rwanda’s Ministry of Youth and ICT and the UNDP, in close collaboration with Motorola Solutions, will power a Mobile App Challenge that will be implemented by YouthConnekt.