Eskom makes gains in containing electricity breach

Eskom makes gains in containing electricity breach

Dan Marokane, Eskom group chief executive. Eskom has largely resolved a breach in its online vending system (OVS) that allowed people to obtain free electricity, facilitated by staff colluding with criminals, it says. The power utility notes the breach revealed “critical vulnerabilities in both the physical and cyber security components of the utility’s prepaid electricity…

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The average cost of a data breach in South Africa

The average cost of a data breach in South Africa

The cost of a data breach in South Africa has declined slightly to R44.1-million, according to a new research report from IBM. The company said in a statement on Friday that despite an increase in the number of breaches recorded in South Africa, the adoption of data security, artificial intelligence and machine learning insights, and…

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SA’s data breach costs remain high, says SARB

SA’s data breach costs remain high, says SARB

Cyber attacks are a danger to SA’s financial stability in a time of uncertainty. The South African Reserve Bank (SARB) has warned that cyber attacks are a systemic danger to the country’s financial stability at a time when the global economic situation is as uncertain as during COVID-19. According to the central bank, a cyber…

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