JOHANNESBURG – Kaspersky Lab has concluded a memorandum of understanding (MOU) signed with the South African Banking Risk Information Centre (SABRIC) in October 2017 and plans to renew the MOU for a further year, following its success.
The MOU has seen Kaspersky Lab successfully support SABRIC members to enhance much needed skilled capacity within the banking sector through specialised training, for the purpose of combatting cybercrime and to contribute in creating cybersecurity resilience in South Africa.
SABRIC is a non-profit organisation, formed by four of the major banks in South Africa, to support the banking sector (along with cash in transit companies) in combatting the increasing threat of organised bank-related cybercrimes. SABRIC’s aim is to be Africa’s trusted financial crime risk information centre leveraging on strategic partnerships.
Kalyani Pillay, CEO at SABRIC said: “The advent of digital technology has seen cybercrime increase at an alarming rate, as it is virtual in nature, enabling it to transcend time and physical proximity. In addition, the convenience and anonymity of the internet makes it easy for criminals to perpetrate these crimes. Industry collaboration is therefore a critical component in the fight against organised cybercrime in the financial services space, and we therefore welcomed the opportunity to partner with Kaspersky Lab - given their immense expertise in global cybersecurity and deep threat intelligence.”
Globally, Kaspersky Lab’s anti-phishing technologies¹ prevented over 107 million attempts to visit phishing pages in Q2 2018 and 35.7% of these were related to financial services - targeting customers through fake banking or payment pages. Continues Pillay at SABRIC; “This global statistic indicates just how serious cybercrime is but the creation of solid partnerships with key role players, like Kaspersky Lab, will make us a formidable force in the fight against cyber criminals.”