Leading SA cyber security company J2 Software has revealed the achievement of 40% year-on-year growth in revenue in the first half of its financial year.
J2 Software MD John Mc Loughlin says this is no mean feat in a zero growth economy.
"We have had some great successes during the first half of our 2018/2019 financial year, with our revenues reflecting a very pleasing 40% increase year on year," says Mc Loughlin.
Mc Loughlin reveals the company is exploring expansion opportunities aimed at extending its reach and services outside of South African borders. "This includes investigating the viability of taking our business model and replicating it not only throughout Europe, including the UK, Middle East and Africa (EMEA) markets, but also to Australia. Our time-frame for this is in the region of 12 to 24 months.
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It's time to bust the myth. Millennials do in fact care about their security and online safety but are too trusting to recognise real threats.
I often hear this sentiment expressed in conversations with both IT and security executives.
It is implied that this younger, tech-savvy generation, who have now become an integral part of the business community, have a laissez-faire attitude to security. Moreover, the current generation of business leaders are reportedly struggling to properly integrate millennials into existing legacy security and risk frameworks.
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The growth in cyber attacks is all too familiar these days. Hackers use their devious skills to acquire financial and personal information with the unwitting victim's data either being sold or used to commit fraud; make purchases etc.
John Mc Loughlin, MD, J2 Software, notes that the growth in rewards programmes' fraud has provided a new method for criminals to take advantage of data breaches.
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J2 Software supports global reports of alarming increase in numbers of e-mail attacks: South Africa is no exception
Unquestionably the insider threat is real and most cyber attacks are a result of someone who is already inside the firewall, says John Mc Loughlin, MD, J2 Software.
On the 11th June, 2018, it was reported that the FBI had made 74 arrests in a global crackdown on e-mail fraud scams, in which criminals have attempted to steal billions of dollars from businesses and individuals. J2 Software notes South Africa is not immune
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Compliance with the looming GDPR enforcement is simply a matter of tweaking POPIA and general best practice models for data protection.
With Europe’s General Data Protection Regulation (GDPR), set for enforcement on the 25th May 2018, South African companies of all sizes dealing with the personal data of European residents should be focusing on their ability to comply. On top of GDPR, the South African Protection of Personal Information Act (POPIA) sets out fairly stringent guidelines for data protection.
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