Cyber-crime: It is getting worse

A3_BCyber-crime is continually on the rise and it is now taking on a particularly sinister turn. Recent media reports refer to organised crime syndicates that are hijacking databases of companies and demanding ransom for the return of their database. This happened at Target, one of the United States’ largest retailers, last year.

Experts have no doubt that this has already begun happening in South Africa, so be proactive and ensure your systems are as robust as possible.

In the first quarter of 2015, the number of cyber-attacks doubled over that of 2014.  The message is clear, cyber criminals are getting more sophisticated (as an example, one of their new weapons resides in your hardware which makes traditional anti-virus techniques ineffective) and are stepping up their activities.

Research has also shown how seldom people change passwords and how many people use the same password for all their different applications. Worse still, 43% of us don’t place much value in passwords. We are making it easier for cyber criminals to access our data.

Remember that everyone – from banks to businesses to individuals – is considered to be fair game by the hackers.

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.

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