SA’s financial sector suffers highest losses from data breaches
IBM Security has released its annual Cost of a Data Breach Report, showing the average data breach cost for South African organizations reached R49,45-million in 2023 - an all-time high for the report. This represents an 8% increase over the last three years and a 73%...
Increased chip demand will fuel steady OSAT growth
A surge in global demand for applications such as AI, high-performance computing (HPC), 5G, automotive, and Internet of Things (IoT) has fueled semiconductor supply chain expansion, according to IDC's upcoming Semiconductor Manufacturing Services: 2022 Worldwide OSAT...
Bloomberg finds cryptocurrency regulation support
Presidential candidate Michael Bloomberg's proactive cryptocurrency plans place him on the right side of financial history, according to the CEO and founder of deVere Group. Nigel Green was speaking out after the New York-based billionaire presidential hopeful...
New tech adoption is up, but benefits lag
Enterprise use of emerging technologies is on the rise around the world, but many are failing to capitalise on its benefits. This is according to the 2019 Global CIO Survey from Logicalis, which questioned 888 CIOs from around the globe. It found that 61% of...
Innovation drives SA’s banks to quicker cloud adoption
After many years of hype, with less change, banks are now faced with the pressure to keep up with the pace of technological innovation and an urgent need to adopt more efficient processes such as innovative mobile banking. Legacy IT systems pose numerous limitations...
AI, big data to drive personalised retail experiences
Retailers across the Middle East and Africa spent $1,95-billion on IT in 2019, according to the latest insights from International Data Corporation (IDC). The global technology research, consulting, and events firm forecasts this figure will reach $2,04-billion this...
SA boards under pressure to continuously transform
South African boards are under immense pressure to continuously transform in many aspects, in the face of socio-political and economic uncertainty, a volatile market, digital disruption, and increasing demands from shareholders and other stakeholders. The South...
Global spread of coronavirus-themed malware
While the world attempts to take control over the spread of the Covid-19 and tries to contain, eliminate and prevent it from spreading, hackers around the globe have found the new strain of novel coronavirus serving them well as an enabler for their activities. Check...
SA’s international connectivity restored
In the early hours of this morning (approximately 01h30) Openserve received confirmation, from aboard cable ship Leon Thevenin, that the portion of the SAT3/WASC repair offshore Congo has now been completed. This concludes a long and complex restoration process of an...
Cryptocurrency threat is alive and well in SA
Kaspersky researchers have detected an unusual malicious campaign that uses a phishing copy of a popular VPN service's website to spread AZORult, a Trojan stealer, under the guise of installers for Windows. The campaign, which kicked off at the end of November 2019...
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