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Kaspersky builds skills with SABRIC
November 2018, This Week's Editor's Pick, News

Kaspersky Lab concluded a memorandum of understanding (MOU) with the South African Banking Risk Information Centre (SABRIC) in October 2017 and plans to renew the MOU for a further year, following its success. The MOU has seen Kaspersky Lab support SABRIC members to enhance much needed skilled capacity within the banking sector through specialised training, for the purpose of combatting cybercrime and to contribute in creating cybersecurity resilience in South Africa.

SABRIC is a non-profit organisation, formed by four of the major banks in South Africa, to support the banking sector (along with cash in transit companies) in combatting the increasing threat of organised bank-related cybercrimes. SABRIC’s aim is to be Africa’s trusted financial crime risk information centre leveraging on strategic partnerships.

Says Kalyani Pillay, CEO at SABRIC; “The advent of digital technology has seen cybercrime increase at an alarming rate, as it is virtual in nature, enabling it to transcend time and physical proximity. In addition, the convenience and anonymity of the internet makes it easy for criminals to perpetrate these crimes. Industry collaboration is therefore a critical component in the fight against organised cybercrime in the financial services space, and we therefore welcomed the opportunity to partner with Kaspersky Lab, given its immense expertise in global cybersecurity and deep threat intelligence.”

This MOU has seen Kaspersky Lab provide specialised cybersecurity training to security professionals in five of South Africa’s top banks which successfully covered key areas to equip cybersecurity professionals, in the areas of malware analysis, reverse engineering and incident response, to advance their IT security strategies.

The success of this training partnership resulted in recognition from the wider financial services industry locally, and Kaspersky Lab is exploring the possibility of including investment firms and asset managers into the scope of future events. This will also see the delivery of training on digital forensics, as well as other advanced training initiatives.


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