Page 4 - KZN Business Sense - Vol6 No3 - eBook

RISK AND IT SECURITY MANAGEMENT

A CASE FOR CYBER SECURITY

Felix Mahlangu, Executive: of the most likely risks to affect attacks could, likewise, have
IT Advisory at Bonakude organisations and businesses devastating consequences.
behind extreme weather events,
C yber climate change, natural disasters, What can go wrong?
and incidents of data fraud.
Cyber-attacks are getting more
security or
Given more recent events in
attackers tend towards monetising
information the South African banking complex as the criminal cyber
technology sector and more importantly at their operations.
security municipalities, the situation is
is the more likely to get worse. Typically, the attacks would result
in the following:
protection
of Malware attacks in South ■ Customer data exposure (and
computer Africa increased by 22% in the the impact of the Protection of
systems first quarter of 2019 compared to Personal Information Act)
from the theft of or damage to their the first quarter of 2018, according ■ Transactional data corruption
hardware, software, or electronic to global cyber security company ■ Denial of service (disruption of
data, as well as from the disruption Kaspersky Lab. That means there access to mobile apps, customer ■ Use of unprotected personal ■ Core switch review
or misdirection of the services they are just under 577 attempted attacks care services) devices on organisation’s ■ Core firewall review
provide. A typical case in point is per hour, or over nine per second. ■ Financial loss networks ■ Network security architecture
the recent cyber-attack on the City ■ Defacement of web sites, Malware and ransomware tools review
of Johannesburg’s network system, The need for cyber security is now resulting in reputational damage and software becoming more There is a very real threat
which was severely compromised more important than ever before readily available on the internet. and cyber-attacks. Be safe and
through a cyber-attack that The past few months have been How can cyber security go Even the less experienced of minimise your risks!
interrupted all the municipality’s a turbulent period for many wrong? hackers can get access more
online systems and left many businesses as they struggle to set Experience in assignments that we complex algorithms. Bonakude has experience in
residents frustrated. Attacks like up systems and transition to new have delivered has shown us that working with businesses and
these can cost businesses millions ways of working remotely. Many the primary points of failure in What can be done? organisations to assess and advise
of rands in downtime, retrieving employees may be using multiple most organisations are: on requirements to ensure your
data and restoring services. All devices for work and personal use For a comprehensive cyber business does not become a victim
Inadequate password policy and security review, the following must
this resulting in loss of revenue. which, if not adequately managed, ■ implementation be done: of a costly cyber-attack. Our team
Every connected organisation or could create significant gaps within ■ Non-renewal of anti-virus ■ Information security policy of Certified Information System
Auditors and ISO 27000 Certified
business is at risk of cyber attacks. your online security, thereby licences assessment and ISO 27000 certified specialists
leaving your corporate defences ■ Out of date anti-virus ■ Cyber risk and security review will help ensure you have all the
Why is cyber security so vulnerable to cyber-attacks. definitions ■ Internal vulnerability and correct measures in place. 
important?
While our attention has been ■ Lack of effective patch penetration testing
The World Economic Forum on Covid-19 we have, perhaps, management processes ■ External vulnerability and For more information, contact:
Global Risk Report 2019 lists large become less vigilant of another ■ Lack of cyber risk training and penetration testing T:+27 31 201 1241
scale cyber-attacks at number five equally sinister threat that cyber- awareness ■ Wireless vulnerability review E: felix@bonakude.co.za
W: www.bonakude.co.za

TOP LAW FIRM IN THE PROVINCE

n the 2020 PMR.africa annual Companies/institutions that have being the highest rated law firm “We are honoured and humbled based on more than 55 years
provincial survey assessing done most to enhance economic in KwaZulu-Natal in the PMR. to have received this award and of legal experience, with talent
Ithe top legal firms in province, growth and development of the africa survey for the Business owe this recognition to our from diverse backgrounds,
a random, provincial sample of KwaZulu-Natal Province. Sector: Law Firms. This is the clients and to the commitment far reaching experience in
CEOs, MDs, business owners, ■ Levels of managerial expertise first time the firm has achieved of our professionals and support their fields of expertise and
company directors and managers the Diamond Arrow Award staff,” said Managing Partner, a personalised approach of
and government officials based ■ Implementation of corporate in this provincial category, Michael Jackson. building relationships with
in the KwaZulu-Natal Province governance where the ratings of corporate clients, getting to know them
rated the legal firms. Respondents ■ Brand awareness KwaZulu-Natal placed Cox Yeats Cox Yeats is also consistently and the problems that they are
rated the legal firms against the ■ Levels of innovation in first position and rated it an rated one of SA’s Top Law Firms facing, and getting to know
following criteria on a scale of 1.00 2020 saw Cox Yeats achieve “outstanding” law firm in the in the Annual PMR.africa their business objectives as a
- 5.00; where 1.00 = poor; and 5.00 provincial survey. national survey, and has for the whole in order to effectively
= outstanding: the remarkable distinction of third consecutive year, received deal with their legal affairs
the PMR.africa Diamond Arrow in the context of their overall
Award for the No.1. rated law requirements. We don’t have
firm in South Africa in the a one size fits all approach.
category: medium-sized law Instead, we find the best
firms in SA. solution for each situation,”
Seven of the firm’s senior Jackson explains.
attorneys are ranked by BEST Cox Yeats is a specialist
LAWYERS as leaders in their fields, boutique law firm with a wealth of
being a clear indication of the high experience and expertise balanced
calibre of legal professionals who with dynamic and innovative
are part of this growing specialist solutions. Specialists in:
boutique law firm.
Corporate & Natural
Many of the firm’s Resources; Construction,
professionals are listed in top Engineering & Infrastructure;
legal publications and various Property Services; Information
industry-specific guides to the Technology & IT; Maritime &
world’s leading lawyers. International Trade; Insurance;
Labour; and Insolvency &
Specialist boutique law
firm, Cox Yeats, offers clients Business Rescue Law. 
knowledge and expertise
W: www.coxyeats.co.za

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