Don’t squeeze your cyber assets

1 June 2020 Information Security

Following on this week’s Life Healthcare cyberattack, the issue of cybersecurity has once again been brought to the fore, as businesses and individuals are forced to evaluate whether measures in place are strong enough to withstand major breeches in their security.

Life Healthcare is the third major South African company that has been targeted by hackers this year. In February, Nedbank warned that the information of about 1,7 million clients was potentially affected by a data breach, and the following month chemicals and fertiliser maker Omnia Holdings said its IT infrastructure was subject to a cyberattack. Amongst the other big businesses that have been targeted in South Africa are Johannesburg City Council, Capitec Bank and Telkom.

The trend is also true for the rest of the continent. In Kenya, the National Youth Service (NYS) and Integrated Financial Management System (IFMIS) were among a host of government websites that were attacked by an Indonesia hacker group, Kurd Electronic Team.

According to Michael Tumusiime, lead security engineer at Checkpoint East Africa, businesses must look at threats from an architectural perspective. Considering the many attack surfaces, attackers can now get into environments a lot easier and quicker.

“We additionally have mobile threats with people working from home; the perimeter has moved, therefore you can no longer protect your assets just by using perimeter security. You need to think about the different ways that people access information and the different assets to protect. Think mobile threats, think about security in the cloud, think about IoT devices and have a comprehensive security approach protecting those. It also helps if you have an incidence response plan to help in the mitigation and recovery in case you get compromised.”

The consistent threat to companies is due to the nature of cutting corners. Institutions are cutting corners around cost and setup of technology, and this directly relates to the challenges that they are experiencing, using technology that is not 99,9% bullet proof.

What happened to Life Health is not unique; it is something that is happening globally. When COVID-19 kicked off, we saw many customers in Europe being targeted with fictitious COVID-related emails and domains. Africa has followed closely behind as we are now starting to see these attacks reach our continent. We can also expect this trend to continue if companies use generation 3 and 4 security to ward off generation 5 and 6 attacks.




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

95% do not have full trust in cybersecurity vendors
Information Security Security Services & Risk Management
Trust in cybersecurity vendors is fragile, difficult to measure, and increasingly shaping risk posture at both operational and board levels. Lack of verifiable transparency undermines cybersecurity decision-making, according to Sophos-backed research.

Read more...
Africa’s largest Zero Trust platform
NEC XON Information Security Commercial (Industry)
Africa has reached a significant cybersecurity milestone with the successful deployment of the continent’s largest Palo Alto Networks Prisma Access and Prisma Access Browser Zero Trust environment, supporting secure remote access for more than 40 000 users for a large enterprise in Africa.

Read more...
Supply chain attacks top threat over 12 months
Information Security
Supply chain attacks have become the most prevalent cyberthreat confronting businesses over the past year, according to a new Kaspersky global study, with nearly one-third of companies worldwide experiencing a supply chain threat in the past year.

Read more...
From vibe hacking to flat-pack malware
Information Security AI & Data Analytics
HP issued its latest Threat Insights Report, with strong indications that attackers are using AI to scale and accelerate campaigns, and that many are prioritising cost, effort, and efficiency over quality.

Read more...
NEC XON secures mobile provider’s hybrid identities
NEC XON Access Control & Identity Management Information Security Commercial (Industry)
For a leading South African telecommunications operator, identity protection has become a strategic priority as identity-centric attacks proliferate across the industry. The company faced mounting pressure to secure both human and non-human identities across complex hybrid environments.

Read more...
Microsoft 365 security is a ticking time bomb
Information Security
Across boardrooms and IT departments, a dangerous assumption persists that because data is stored in Microsoft 365 and Azure, it is automatically secure. This belief is fundamentally flawed and fosters a false sense of protection.

Read more...
Rise in malicious insider threat reports
News & Events Information Security
Mimecast Study finds 46% of SA organisations report a rise in malicious insider threat reports over the past year: reveals disconnect between security awareness and technical controls as AI-powered attacks accelerate.

Read more...
New campaign exploiting Google Tasks notifications
News & Events Information Security
New phishing scheme abuses legitimate Google Tasks notifications to trick corporate users into revealing corporate login credentials, which can then be used to gain unauthorised access to company systems, steal data, or launch further attacks.

Read more...
Making a mesh for security
Information Security Security Services & Risk Management
Credential-based attacks have reached epidemic levels. For African CISOs in particular, the message is clear: identity is now the perimeter, and defences must reflect that reality with coherence and context.

Read more...
What’s in store for PAM and IAM?
Access Control & Identity Management Information Security
Leostream predicts changes in Identity and Access Management (IAM) and Privileged Access Management (PAM) in the coming year, driven by evolving cybersecurity realities, hybridisation, AI, and more.

Read more...










While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd. | All Rights Reserved.