South African companies warned after the Petya malware attack


Africa’s leading cyber security firm, LAWtrust, has warned South African businesses must act to protect themselves and customers.

The warning comes after the Petya cyber-attack earlier this week. Petya locked down machines and demanded $300 worth of bitcoin. The virus spread across Europe, the US, Israel and Ukraine and impacted a number of industries; with government, shipping firms, a petroleum company and the Chernobyl reactor all reporting hacks.

Companies that were affected by Petya are likely to have underestimated the threat level after surviving WannaCry.

Now, Dr Aleksander Valjarevic, a security expert at LAWtrust, has warned that no South African business is immune to the attack, and companies must be extra-careful.

 “These threats must be taken seriously. Businesses must act to protect themselves and their customers; these kinds of attacks can have a serious impact on the functioning of individual organisations, as well as on their bottom lines,” he says.

LAWtrust have said in order to protect themselves from an attack, businesses should keep operating systems up to date, raise awareness among staff, back up data regularly and encrypt sensitive data.


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy