Cyber crime an invisible war: KPMG




Lazarus Sauti

Advisory firm KPMG believes cyber crime is an ‘invisible war’ that should be a top priority for businesses looking to effectively mitigate risk and protect critical business infrastructure.

The company also said the issue of cyber criminal activity and security is on the rise worldwide.

This means with the increased availability of broadband, a growing number of mobile applications and smartphones, African cyberspace will become increasingly attractive to cyber criminals unless the threat is substantially diminished.

“With the rapid evolution of new technologies such as mobility and cloud, Africa has the potential to become a hotspot for cyber criminal activity.

“In fact, we are starting to see this invisible cyber security war unfold and something needs to be done to stop it,” KPMG associate director Jason Gottschalk said.

Gottschalk added: “Cyber criminal activity globally has become a syndicated business.

“As a result, businesses need to understand that Information Technology security policies and procedures is not merely a ‘tick box’ to meet compliance or regulatory standards, but it is a business imperative.”





Norton’s consumer and small business manager for South Africa, David Ribeiro says businesses are at risks of cybercrimes because today’s cybercriminals are using more sophisticated attacks, such as ransomware and spear-phishing, that yield them more money per attack than ever before.

To curb cybercrimes, Prof Basie von Solms, director of the University of Johannesburg’s Centre for Cyber Security, calls for proactive cyber counterintelligence in both government and business spheres.

“It is clear that traditional, reactive approaches to information security are not enough anymore, and more aggressive methods must be designed to go out there, identify attackers and their motives,” said Solms.

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