A recent report shows that South Africa, compared to similar countries worldwide, is more likely to be at risk of data breaches. According to the report by PhishMe, a company that provides phishing defense solutions, these breaches are likely to occur as a result of deceptive e-mails.
The report titled "South Africa Phishing Response Trends Report" also reveals that most of those surveyed also don't have any sufficient solutions in place to act against the potential threats.
"With the average cost of a data breach surpassing the two and a half million US dollar mark, it has become mandatory for South African organizations to rethink the way e-mail-based threats are handled internally. As we have seen in other parts of the world, relying on technology alone is insufficient to defend against today's top threats, calling for a different approach based on automated phishing incident response powered by human intelligence," said " said Rohyt Belani, CEO, and co-founder at PhishMe.
Some other findings from the report include:
Approximately 90% of South African organizations have dealt with security incidents originating with a deceptive e-mail.
More than 60% have faced an e-mail threat more than once.
Nearly 20% of organizations see more than 500 suspicious e-mails weekly.
Nearly all organizations which were surveyed as part of the report already have one security layer in place, with many respondents having more than four security layers in place.
E-mail-related threats are South Africa's biggest security concern.
Over 50% of respondents highlighted that technology alone isn't the answer to phishing.
About 95% of surveyed South African IT professionals plan to upgrade their phishing response and prevention.
"The best form of defence against phishing is the education of your employees as the final protection layer in a holistic defense strategy, acknowledging that technology exists for, and is used by, people, who must, therefore, be included in the defense chain. This strategy underscores the need today for a completely holistic approach to cybersecurity, which works across a number of different platforms and does not rely only on IT support and technology applications," concluded Anton Jacobsz, managing director at value-added distributor Networks Unlimited, which distributes PhishMe solutions throughout Afrika.