Do not fall victim to cybersecurity attacks

Scores of people have fallen victim to cybersecurity attacks.

“We are reminded on an almost-daily basis to guard our personal data and information fiercely by taking steps such as creating more complicated passwords, regularly changing them and not clicking on suspicious links,” said head of Retail Business Bank Fraud Strategy at Absa, Ulrich Janse van Rensburg.

“But what when there is no preventative action you can take as an individual and you are caught up in a larger security breach?”

He said it was becoming more of a common occurrence as even major global companies fell victim to cybersecurity attacks.

“Take AP Moller-Maersk. It is one of the biggest and most successful container shipping conglomerates in the world and on 27 June 2017, the NotPetya virus breached the company’s systems. The consequences were devastating: the cyberattack cost between $250 and 300 million in lost revenue and the firm had to re-install its entire IT infrastructure of 45 000 new computers and 2 500 apps,” he said.

He also referred to the recent Facebook data breach, which saw 87 million users globally and more than 96 000 in South Africa at risk of having their personal information shared.

“Just last week in South Africa, another breach happened that saw the sensitive personal information of nearly a million South Africans who pay traffic fines online leaked. These included identity numbers‚ e-mail addresses‚ full names and passwords.”

He said these episodes illustrated cybersecurity was an issue that needed to be prioritised by businesses and individuals alike.

“As a bank that handles extremely sensitive personal and financial information, Absa regards the matter as our uppermost priority and would like to warn you, our valued customers, about what to look out for to avoid becoming the victim of a breach. Criminals may utilise the breached information to contact the customer directly via phone calls (vishing) or emails (phishing). They will impersonate the bank and use your personal data such as your identity number, full name or email address to win your trust.

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“Once they have won your trust, they will then request sensitive information such as your card PIN, card CVV or online banking password. It is important to note that Absa will never contact customers and request sensitive information (card PIN, card CVV or online banking password).”

Consumers need to keep in mind that:

Infographic: Felicia Nkhwashu

Van Rensburg said: “The convenience of living and banking in the digital age is a time-saving bonus for most of us, but it is vital that we remain vigilant to the dangers these platforms present. It is better to err on the side of caution and always trust your gut: if something feels wrong, it probably is, so contact your bank immediately to take steps to prevent further damage from being done.”

Do you have more information about the story? Please send us an email to [email protected] or phone us on 083 625 4114.

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  AUTHOR
Felicia Nkhwashu

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