industry unlocked
from people’s bank accounts – as an
example, as it is a growing threat in the
local region.
“In January and February this year,
almost 1% of connected South Africans
were the targets of malicious bankers.
Putting this into context, the entire 2019
accounted for 1% of the local market
targeted. Based on this, the projections
for the remainder of the year could be
massive,” said Yamout.
These mobile banking Trojans are the
most rapidly developing, flexible and
dangerous types of malware. Now
imagine having such sophisticated
attacks targeting an outdated or
unsupported OS. This virtually
guarantees that the person will lose a
significant amount (if not all) of funds in
their banking accounts. Furthermore, it
could compromise others as well with
hackers gaining complete access to
their list of beneficiaries.
“Both consumers and businesses
must be aware of the risks associated
with using outdated or unsupported
software. Living in a digital environment
that is seeing an increase in
cyberthreats requires constant
vigilance and an awareness of the need
to keep software updated, to ensure the
latest cybersecurity patches are in
place. To do any less poses a digital
risk that can have significant
consequences,” said Yamout.
During the current pandemic, workforces
are being required to adapt to remote
working practices. This has failed to
It does not matter
if an organisation
has the best
cybersecurity
solutions available,
if there is even one
device running an
outdated OS then
the whole company
is compromised.
www.intelligentciso.com | Issue 25
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