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Cyber Security

Cybersecurity 101: Safeguarding small and medium businesses (SMBs) in an online world

In the digital age, cybersecurity is a critical concern for businesses of all sizes. Small and medium-sized businesses (SMBs) are no exception. This article aims to provide a comprehensive guide on how SMBs can safeguard their digital assets and thrive in an online world. As a small or medium business owner, you may think that you are not a target for cybercriminals, or that you have nothing valuable to lose. However, according to a recent study by Sage, 48% of SMBs in South Africa have experienced a cybersecurity incident in the past year, and 25% have experienced more than one. The most common incident reported was stolen laptops (28%), followed by ransomware attacks (9%).

7 mobile cybersecurity threats to be aware of

With our smartphones becoming pocket computers and the development of the Internet of Things, it was only natural that cybercrime would move to mobile devices. Mobile devices are very susceptible to invasion as people are a bit more relaxed on their use of devices especially if it is a business and personal device. Let’s look at the seven mobile cybersecurity threats you need to be aware of.

1. Check your physical security

The looming threat: Cybersecurity and small to medium businesses in South Africa

Article written by Darren Hamburg (ICT Engineer at VNQ Systems)

South Africa has emerged as the hub for cybercrime in Africa, as indicated by a report from Interpol highlighting the escalating cyber threats. Surprisingly, South Africa now ranks third globally regarding the number of victims affected by cybercrime. This emphasizes the requirement for cybersecurity measures.

In a digitized world, the significance of cybersecurity cannot be overstated. From data breaches to large-scale cyberattacks, the threat landscape is constantly changing. Small to Medium Businesses (SMBs) in South Africa find themselves at the forefront of this battle. In this article, we will delve into the issue of cybersecurity and its impact on SMBs in South Africa. We will explore the challenges these enterprises face, the potential repercussions of cybersecurity practices, and strategies to safeguard their digital assets.

Five considerations for small and medium businesses building secure cloud solutions

Article written by by Lavanya Bandari and Deepti Venuturumilli (Amazon Web Services)

Security is often top of the mind for small and medium sized business (SMB) leaders as they plan to invest more in cloud computing. They want to be able to identify security events, protect systems and services, and maintain the confidentiality and integrity of data. SMBs are challenged with limited knowledge or information on cost to support secured cloud solutions. Security tools and techniques can play an important role in securing SMBs data because they support objectives such as preventing financial, reputational, legal loss, or complying with regulatory obligations. However, it can be challenging for SMBs early in their cloud journey to know how to prioritize and develop a strong security strategy.

Armour up: protecting yourself from DDoS attacks

Article written by Tarquin Rohlandt (Executive Head: Connectivity & Services at Liquid Intelligent Technologies)

Picture this: It’s Black Friday and it’s time to take advantage of the massive sale on your favourite online shop. You’ve been receiving emails all month in the run-up to the day and you’ve bookmarked several items that you just have to have – and their prices for one day only are ridiculously low. You open the browser, head to the store and….

You find yourself staring at a blank page. The service is unavailable. You refresh. You close the browser and reopen it. You clear your cache. You restart your modem. Rinse, repeat. Still nothing. The site is down.

Cybercrime: The greatest business risk of our time

If you’ve found yourself weighing up whether you should spend more on your business’ cyber security measures; the answer is YES – do it, and do it now.

Contrary to common misconception, it’s not just large multinational companies that are at risk. Any business that transacts online, stores or processes credit card data or sensitive third-party data faces significant risk. Many local SMEs have fallen victim to cyber-attacks. According to the 2022 SHA Risk Review, one in three South African SME respondents had suffered a cyber-attack as follows: malware 30%, phishing 26%, ransomware 25%, denial of service 13% and theft of funds 13%. And what’s more concerning is that 53% of SMEs that fell victim to ransomware attacks did not recover their data.

Where does cyber security fit into the risk ladder for a business?

Cyber risk has become a major risk over the last few years, and today it has become a priority for many companies based on size and sector. From a regulatory standpoint, it's an area that regulators and rating agencies around the world are looking at very closely. Cyber risk is now one of the top three international barometers of corporate risk: the number of victims of major cyber-attacks has increased significantly over the past few years.

Your business needs cyber security insurance, here’s why

Article provided Santam

Last year, South Africa had the third highest number of cybercrime victims in the world resulting in losses of R2.2 billion. In a world of data breaches and hacks, cyber security is important for everyone with an online presence, more so for businesses with the responsibility to protect customers. The question is: who protects the businesses? This is why cybercrime insurance is a vital part of making any business future fit.

Philippa Wild, Head: Commercial Underwriting from Santam says, “With the world changing in the way it is, it is important that companies stay ready for what lies ahead. One great advantage of having cyber insurance is that it enables a business to bounce back from specified business interruptions and financial losses incurred as a result of cybercrime. Cyber insurance also helps with the practical side of getting IT experts to restore systems, recreate data and pre-empt new threats.”

Understanding the importance of data storage

Article provided by Daisy Business Solutions

Did you know that in 2020, the world’s total data created grew up to 59 million zettabytes? Imagine how much that is if one zettabyte is equal to a billion terabytes. In the age of digital information, businesses use data storage solutions to thrive. It lessens website traffic, ensuring both employees and customers experience enhanced transactions.

Are you looking for a data solution for your company? Continue reading this article to learn more about what it is and what the benefits are.

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