Category archives for: IT Security

Finance houses losing millions to cyber crooks

cyber criminals

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – FINANCIAL firms are facing increasingly sophisticated threats globally with latest reports indicating the organisations face losses of about US$1 million on average per cyber security incident. The staggering figure is revealed as part of Financial Institutions Security Risks 2016 by Kaspersky Lab, the global cybersecurity company. The survey […]

Cybercriminals rob corporates millions

cyber2

Staff Reporter JOHANNESBURG, (CAJ News) -On average a single cybersecurity incident now costs large businesses 11 million rands (US $861,000) while, small and medium businesses (SMBs) end up paying at least a million ($86,500). These are the main findings of Kaspersky Lab’s report “Measuring the Financial Impact of IT Security on Businesses” based on the […]

Metrofile records positive growth over past year

Pfungwa Serima, Chief Executive Officer of Metrofile

By MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – MTEROFILE Holdings Limited, the Johannesburg Stock Exchange-listed market leader in records and information management, has reported positive growth results for the six months ended 31 December, 2016. Revenue increased by 1,6 percent to R380,7 million as headline earnings increased by 3,3 percent to R70,8 million. Both headline earnings […]

Online criminals treble the threat

cyber2

from OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – CYBER criminal attacks increased threefold over the past year with a total of 8,5 million malicious installations identified, a report obtained from Lagos highlights. According to Kasperky Lab, this means that, in the space of just one year (2016) a volume equivalent to 50 percent […]

Scammers revel at growth of digital banking

Yolande Steyn, Head of Innovation at FNB

By GIFT NDOLWANE JOHANNESBURG – CONSUMERS have been urged to be more vigilant and familiarize themselves with the different types of online banking fraud, in the wake of a surge of cybercriminals. The culprits are making the most of the access to banking services through digital channels continuing to grow. Yolande Steyn, Head of Innovation at […]

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