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:

What are MFA fatigue attacks, and how can they be prevented?
Information Security
Multifactor authentication is a security measure that requires users to provide a second form of verification before they can log into a corporate network. It has long been considered essential for keeping fraudsters out. However, cybercriminals have been discovering clever ways to bypass it.

Read more...
SA's cybersecurity risks to watch
Information Security
The persistent myth is that cybercrime only targets the biggest companies and economies, but cybercriminals are not bound by geography, and rapidly digitising economies lure them in large numbers.

Read more...
Cyber insurance a key component in cyber defence strategies
Information Security
[Sponsored] Cyber insurance has become a key part of South African organisations’ risk reduction strategies, driven by the need for additional financial protection and contingency plans in the event of a cyber incident.

Read more...
Deception technology crucial to unmasking data theft
Information Security Security Services & Risk Management
The ‘silent theft’ of data is an increasingly prevalent cyber threat to businesses, driving the ongoing leakage of personal information in the public domain through undetected attacks that cannot even be policed by data privacy legislation.

Read more...
Data security and privacy in global mobility
Security Services & Risk Management Information Security
Data security and privacy in today’s interconnected world is of paramount importance. In the realm of global mobility, where individuals and organisations traverse borders for various reasons, safeguarding sensitive information becomes an even more critical imperative.

Read more...
Sophos celebrates partners and cybersecurity innovation at annual conference
News & Events Information Security
[Sponsored] Sun City hosted Sophos' annual partner event this year, which took place from 12 to 14 March. Sophos’ South African cybersecurity distributors and resellers gathered for an engaging two-day conference.

Read more...
The CIPC hack has potentially serious consequences
Editor's Choice Information Security
A cyber breach at the South African Companies and Intellectual Property Commission (CIPC) has put millions of companies at risk. The organisation holds a vast database of registration details, including sensitive data like ID numbers, addresses, and contact information.

Read more...
Navigating South Africa's cybersecurity regulations
Sophos Information Security Infrastructure
[Sponsored] Data privacy and compliance are not just buzzwords; they are essential components of a robust cybersecurity strategy that cannot be ignored. Understanding and adhering to local data protection laws and regulations becomes paramount.

Read more...
AI augmentation in security software and the resistance to IT
Security Services & Risk Management Information Security
The integration of AI technology into security software has been met with resistance. In this, the first in a series of two articles, Paul Meyer explores the challenges and obstacles that must be overcome to empower AI-enabled, human-centric decision-making.

Read more...
Milestone Systems joins CVE programme
Milestone Systems News & Events Information Security
Milestone Systems has partnered with the Common Vulnerability and Exposures (CVE) Programme as a CVE Numbering Authority (CNA), to assist the programme to find, describe, and catalogue known cybersecurity issues.

Read more...