With the great benefits that come with the online age, so do some negative aspects. Over the past year, many South African companies have suffered huge losses due to cyberattacks, highlighting the importance of a solid risk management and cybersecurity protocol for businesses.
As a result, SA businesses have evolved to protect against a growing list of attacks including phishing, ransomware, impersonation fraud and insider threats, although there are always unseen and unpredictable threats to consider.
Businesses can not only take into account their own data that’s at risk, but also their customers’. In the past, service providers tended to pass the buck when their customers fell victim to a scam impersonating them. It was easy to blame the individual’s misfortune on their own poor cyber awareness. But as cyberattacks have become more sophisticated, the buck now stops with the brand.
It is therefore imperative that organisations employ a cyber resilience strategy by implementing effective security controls to detect and protect against cyberattacks, advanced archiving and business continuity tools to ensure productivity during an attack, and the ability to quickly recover data and restore business systems in the wake of an effective cyber attack.
While it might seem obvious, there are still some organisations that aren’t protecting themselves from emails containing malicious links or malware within attachments; and protecting your business and brand should be top of mind.
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