Productivity, innovation in manufacturing calls for better risk management
With manufacturing focused intensively on innovation, combined with a reliance on connected networks and products, it is an industry that is highly vulnerable to cyber attacks. Yet, the manufacturing industry remains fragmented in its approach to managing...
Where do cloud risks lie?
Cloud services have heralded a new era in IT. Their benefits are numerous, accelerating business through their ability to quickly scale, allow organisations to be agile with their resources, and provide new opportunities for collaboration. Tumelo Mashego, business...
Building the security baseline
At any given moment, a cybercrime victim is losing around R3.5 million a day, according to Action Fraud in the UK. The Cyber Security Breaches Survey 2019 found that 60% of medium firms and 61% of large firms deny that they have been attacked and yet 25% of those that...
Cybercrime in the South African legal fraternity
Hack attacks, ransom threats and theft of money through fraudulent transactions are all becoming a stark reality for legal professionals and law firms around the world. According to the South African Banking Risk Information Centre (SABRIC), South Africa currently has...
Failure to innovate could spell the end
The overall risk readiness for the Top 10 risks identified in Aon's 2019 Global Risk Management survey has dropped from 53% in 2017 to 51% in 2019. Failure to innovate and meet customer needs is one of the top 10risks, at number nine, with participants in the survey...
What to do if your identity has been stolen
Finding purchases or transactions on your bank statements that you can’t explain? Receiving credit cards or statements for accounts that you never applied for? Denied credit for a purchase, even though your credit record is clear? Chances are that you’ve become one of...
Cryptocurrency kits won’t be insured, Old Mutual Warns
The world of cryptocurrencies or digital currencies is growing rapidly as digitisation continues to disrupt the financial services industry. Mining these cryptocurrencies usually requires expensive computers, servers and other equipment. It is important for people to...
Cyber resilience needs a multi-layered approach to be effective
As organisations increasingly focus on building resilience in the face of a shifting threat landscape, one of the key areas of concentration is the technology environment, including the data stored on the IT systems. Making the cyber environment resilient must be seen...
Are you prepared for the worst case scenario?
Too many organisations take a reactive, rather than a proactive, stance toward incident response, says Simon Campbell-Young, MD of Credence Security. "These days, it's not a question of if a company will be breached, but when. Businesses tend to focus on threat...
Staying ahead of today’s biggest risks
Companies today have a multitude of risks to deal with, and each one requires its own measures of mitigation. However, certain risks remain top of the pile, according to a survey of operational risk practitioners across the globe. The threat of data loss through cyber...
New Aurecon unit to address project failure risk
Aurecon has established a new capital program assurance (CPA) unit to help clients better manage risk, reduce ballooning project costs, and safeguard the value of assets. Independent global analysis indicates that 30 to 60% of projects fail by more than 25% cost...
BYOD and IoT threaten the workplace
The concept of the Internet of Things (IoT) is becoming widely known and understood, not just in business but in the home too. The problem with IoT however is knowing what devices are IoT-enabled and which are not. Opening a huge security risk for businesses as these...