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Cybercrime is Spiking and Security Skills are Scarce

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The world generates an estimated 2.5 quintillion bytes of data every day.

Cybercrime is Spiking and Security Skills are Scarce

Amidst this mind-boggling amount of chatter, a very real threat is lurking: cybercrime, which has increased by 600 percent since the start of the pandemic, the United Nations reports.

This surge in nefarious cyber activity kicked off when global lockdowns saw millions of employees working remotely and logging in from their unsecured home computers.

According to the Fortinet Global Threat Landscape Report, 80 percent of organisations experienced one or more data breaches during 2021, with a tenfold increase in ransomware attacks alone.

Patrick Evans, chief executive officer of SLVA Cybersecurity, said that cyber threats are increasing at a rate far greater than the industry is able to cope with, and small and medium enterprises (SMEs) are particularly vulnerable as the financial impact falling victim to these security breaches can result in their total collapse.

A sobering thought when you consider that 43 percent of cyberattacks are aimed at small businesses, according to Accenture’s Cost of Cybercrime Study, and only 14 percent are adequately prepared to defend themselves.

As the business landscape rapidly evolves, simply keeping abreast of technology advancements and security vulnerabilities is no longer enough, Evans warned.

Data breach risks need to be managed strategically, and this requires a very specific skill set. “Previously CIOs and CTOs were expected to take data security into their fold, but if anything is clear from the increasing threats in recent years, it is that there is a need for a separate security role,” he states.

The importance of a CISO

This is where a Chief Information Security Officer (CISO) comes in, and business owners are starting to realise the importance of this role in their organisations. “Even if a company has an accomplished and technically skilled team on board, utilising the services of an advisor with decades of experience on how to mitigate the risks and implement up-to-date security measures is invaluable,” says Evans.

Not all organisations, however, have the budget or even the need for a full-time CISO, and there is currently a shortage of skilled cybersecurity professionals.

The answer to this is a virtual or fractional CISO – an outsourced security practitioner who, drawing on a wealth of experience in the cybersecurity industry, can provide valuable insight, advice and mentorship to help prevent an attack or recover from one, usually part-time and remotely.

Evans outlined some of the challenges facing organisations and how a virtual CISO can help:

•        Cyberthreats are increasing rapidly

There is a huge increase in the number of threats facing organisations, with ransomware becoming increasingly more prevalent.

The LexisNexis True Cost of Fraud Study reports that cyberfraud in South Africa has increased by 41.5 percent since 2019, and new data from Mimecast’s State of Email Security 2022 report found that 60 percent of South African organisations had suffered a ransomware attack in 2021, up from 47 percent in 2020.

“Ransomware does not select the type of company that is attacked; it looks for the weakest attack surfaces. SMEs, educational institutions, and those in manufacturing and other verticals are often the subjects of the most severe attacks, which can be financially crippling.” This is partly because these industries have been slow to adopt a security-first approach or do not have the funds to onboard a full-time information security officer. “It’s a catch-22 situation. The most vulnerable are the ones who do not have the resources to adequately protect and mitigate attacks,” says Evans.

•          Financial impacts are severe

The financial impact of falling victim to a cybercrime, especially as an SME, can be devastating.

The average cost of recovering from a ransomware attack is approximately USD$1.85 million, according to research from cybersecurity firm Sophos. Businesses, especially small and medium ones, can ill-afford such an attack.

According to Evans, “Cyberattacks do not simply take down a website. They can completely shut down business processes and, worse still, hold a company’s entire IP or customer database for ransom.”

The result is a complete shutdown in order to recover the business, and the added risk of penalties and fines from regulators as a result of data protection laws. In many instances, these risks are not quantified nor are there adequate risk mitigation and recovery procedures put in place. “

Many times, it is a tick-box exercise without ongoing processes to ensure continued compliance and protection.”

•          Shortage of skills

There is a dire shortage of cybersecurity skills globally. Fortinet reports that 60 percent of organisations struggle to recruit cybersecurity talent, and South African skills are at an all-time low, with many CISOs leaving for lucrative opportunities abroad. Combine the increase in cybercrime with the shortage in cyber skills, and we have a perfect storm brewing.

The answer? A virtual or fractional CISO

Fortunately, there is a solution. Virtual or fractional CISOs (vCISOs) provide those that need it most with solutions to fit their needs and budget and go several steps further than simply box-ticking. “

SLVA Cybersecurity offers this service to SMEs and other businesses that have neither the need nor the funds for a full-time security officer.

These virtual CISOs are industry veterans and offer expert advice for a fraction of the cost,” shares Evans.

SLVA works with customers to develop fit-for-purpose, fit-for-budget solutions, ensuring that they receive exactly the CISO service they need to remain on top of the industry’s most pressing challenges, no matter their size or budget. “

There are different CISOs for different purposes. Together with my co-founders, Steve Jump and Andrew Odendaal, each with over 20 years’ experience in the information and cybersecurity industries, we identified the different CISO roles that organisations typically need.”

These include:

Interim vCISO: Your organisation may require an acting vCISO while you source someone new for the role. The interim vCISO can fix urgent issues and put in an action plan to take your company to the next level of cyber resilience. They can also assist in finding a suitable full-time CISO.

Shadow vCISO: If you have decided to employ someone with only a few years’ experience and “grow” your own CISO, a shadow vCISO can be provided to nurture and groom the unseasoned employee.

Mentor vCISO: If you are worried about your company’s current security function, you can hire an industry expert to coach and mentor your current CISO or CIO.

Post-compromise vCISO: After an attack or security breach, you may need to bring in someone with extensive, post-compromise recovery experience to help you deal with the aftermath while your CISO carries on with business as usual. A post-compromise vCISO, who has weathered many breaches, including ransomware, can offer invaluable assistance.

 

 


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Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

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Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.

A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.

To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.

All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.

The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.

Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.

These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.

Continuous monitoring becomes the leading SOC requirement

Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.

Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.

Human expertise drives SOC technology choices

While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.

Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).

“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.

“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

 


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Nigerian Terra Industries Secures $11.8m for Expansion

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Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.

Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.

Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.

The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.

Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.

He said safeguarding critical infrastructure from terrorist threats has become unavoidable.

Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.

The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.

Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.

With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.

While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.

 


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Kaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk

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Kaspersky Security Bulletin reviews what shaped telecom cybersecurity in 2025 and what is likely to persist in 2026. Advanced Persistent Threat (APT) activity, supply-chain compromise, DDoS disruption and SIM-enabled fraud continued to pressure operators in 2025, while newer technology deployments introduce additional operational risk.

In 2025, telecom operators faced four broad threat categories. Targeted intrusions (APTs) continued to focus on gaining stealthy access to operator environments for long-term espionage and leverage through privileged network positioning.

Supply chain vulnerabilities remained an entry point: telecom ecosystems rely on many vendors, contractors and tightly integrated platforms, so weaknesses in widely used software and services can provide a path into operator networks. Finally, DDoS remained a practical availability and capacity problem.

Kaspersky Security Network showed that last year, between November 2024 and October 2025, 12,79% of users in the telecommunications sector encountered web threats and 20,76% faced on-device threats. 9,86% of telecom organisations worldwide experienced ransomware.

At the same time, the telecommunications sector is moving from rapid technological development to broad implementation — and the report argues that this shift creates new opportunities and new operational risks for 2026.

Kaspersky highlights three areas where technology transitions could introduce disruption if rolled out unevenly or without strong controls: AI-assisted network management, where automation can amplify configuration errors or act on misleading data; post-quantum cryptography transitions, where rushed deployment of hybrid and post-quantum approaches could cause interoperability and performance issues across IT, management and interconnect environments; and 5G-to-satellite integration (NTN), where expanding service footprints and partner dependencies introduce new integration points and potential failure modes.

“The threats that dominated 2025 — APT campaigns, supply chain attacks, DDoS floods — aren’t going away. But now they intersect with operational risks from AI automation, quantum-ready cryptography, and satellite integration.

Telecom operators need visibility across both dimensions: maintaining strong defences against known threats while building security into these new technologies from day one. The key is continuous threat intelligence that spans from endpoint to edge to orbit,” said Leonid Bezvershenko, senior security researcher at Kaspersky Global Research & Analysis Team.

 


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