S-RM’s Post

The recent cyberattack on the Companies and Intellectual Property Commission (CIPC) in South Africa, which occurred on 29 February 2024, has raised significant concerns about data security for both domestic companies and multinational enterprises operating in the region. Despite efforts to rectify the breach, vulnerabilities in safeguarding personal and confidential information within CIPC's systems have been exposed, including credit card details linked to personal accounts. In light of this, outsourcing corporate secretarial functions to specialised external teams is increasingly considered a prudent measure to mitigate risks and ensure data protection. Our latest article titled, "Safeguarding Your South African Company: Potential Impact Of CIPC Information Breach", delves more into the topic. As featured in Polity. Read here: https://bit.ly/43sr8gE #CIPC #CyberAttack #TaxConsultingSA

👏Many thanks to Guernsey Investment & Funds Association (GIFA) and Black Arrow Cyber Consulting Limited for today's informative and interactive presentation on the European Union's (EU) new Digital Operational Resilience Act (DORA): 🇪🇺 https://lnkd.in/eJncCScX 🇪🇺 Extremely handy for advising and assisting firms in Guernsey who may provide a service to an EU firm under the remit of DORA.✅️ Institutions within the EU will be risk assessing the Digital and Operational Resilience of their supply chain with a view for ensuring that critical 3rd party services remain robust from Cyber Events (attacks and digital failures).💻 🎯This highlights importance for ensuring in Guernsey that risk assessments then subsequent policies, procedures and controls are in place that are effective for both Cyber and Operational Resilience eg. Business Continuity Plans. These also have to be easily accessible and retrievable - the information may be time sensitive for a regulatory disclosure in the EU over supply chain risks. ❌️Where there is non-compliance / insufficient digital and op resilience controls the EU firm may terminate the service level agreement with a Guernsey 3rd party. #Compliance #Operations #Cyber #Resilience

Earlier this month, CIPC confirmed that there was a security breach where personal information was accessed and exposed which included employees and clients. Due to compliance with POPI, CIPC was forced to ensure that it reported the security breach with the Information Regulator. CIPC was altered to the breach due to its firewalls and data protection system but have not disclosed what information was accessed. The release of personal information without consent of the individual is against the provisions of POPI. POPI regulates the collection, usage, storage and destruction of personal information. Camille and Co are specialist in compliance. To avoid any penalties for non - compliance with legislation, contact us for a free consultation to ascertain the compliance measures required for your entity. For further enquiries, contact us at our Durban, Cape Town or Johannesburg branches. #MondayMotivation #CIPC #POPI #Compliance #Audit #Business #Enterprise #Litigation #Contracts #Agreements #Disputes #CompaniesAct #Businessowners #Entrepreneurs #ContractLaw #Litigation #DisputeResolution #Commerciallaw #Corporatelaw #WomeninBusiness #Covid19 #Pandemic #LabourLaw #Competitionlaw #CamilleandCo

South Africa is fortifying its digital defences with robust cybersecurity laws. Let's navigate the key aspects shaping the country's approach to cybersecurity: 1. POPIA - Protecting Personal Information: South Africa's Protection of Personal Information Act (POPIA) empowers individuals and mandates businesses to secure personal data, combating data breaches and unauthorized access. 2. Cybercrimes Act - Criminalizing Digital Offenses: Recent legislation criminalizes cyber offences, including unauthorized access and data distribution. The Cybercrimes Act equips law enforcement to combat digital threats effectively. 3. ECTA - Governing Electronic Transactions: The Electronic Communications and Transactions Act (ECTA) ensures legal recognition of electronic signatures, promoting secure online transactions and communications. 4. National Critical Infrastructure Protection Bill: In progress, this bill highlights the nation's commitment to safeguarding critical infrastructure against cyber threats, reinforcing national security. Why It Matters: As our digital reliance grows, adherence to cybersecurity laws is paramount. Businesses and individuals must comply to protect against cyber threats and benefit from enhanced privacy measures. Stay Informed, Stay Secure: Understanding these laws is crucial for navigating South Africa's digital landscape securely. MG Attorneys specializes in guiding businesses and individuals through these intricacies. In the digital age, knowledge is your best defence. www.mglaw.co.za Sandton | Sea Point #CybersecurityLaws #SouthAfricanTech #POPIA #CybercrimesAct #LegalCompliance #MGAttorneys #law #lawfirm #sandtonlawyers #capetownlawyers #MGLattorneysinc #instantattorney #SouthAfricanLawyer #lawyer

In this accelerated world of AI and digitization, organisations are facing an unprecedented onslaught of ever more sophisticated cyber threats. No surprise, therefore, to see this year’s ITWeb Security Summit in South Africa growing from strength to strength. Thank you to the ITWeb team for providing Brunswick Group the opportunity to highlight key lessons we’ve learnt from supporting clients around the world on more than150 incident responses. Comparing the state of cyber-crime to a bank having to fend off bank robbers every single day, my colleague George Little from our Washington DC office, delivered a compelling keynote speech in Cape Town, where he underscored the importance of preparing for ‘when’ the inevitable breach happens. And in Johannesburg, I moderated a panel where I heard that multinational companies are having to navigate more than 40 multi-jurisdictional laws and regulations. Consider too that in the US, each state has its own data privacy law, further multiplying jurisdictional complexity. A shoutout to my fellow panelists for throwing some light on how to try to keep up with the criminal networks and nation state-sponsored actors in this increasing complex and rapidly changing environment: Christopher MacRoberts from legal firm Clyde & Co., Advocate Johannes Collen Weapond from the South African Information Regulator, Khomotso Mokwele from the South African Government Pensions Administration Agency, and Jonathan Mepsted from Netskope ME and Africa. #BrunswickGroup #cybersecurity #ITWebSS24 https://lnkd.in/d4T7sW53

INSIGHTS | Kenya's digital #FinancialServices sector has emerged as the sector most susceptible to #CyberAttacks. In this discussion with CNBC Africa, our head of #IntellectualProperty and #Technology, John Syekei, explores how #RegulatoryFrameworks and #ComplianceMechanisms can be used to safeguard against such risks. He also notes the importance of striking a delicate balance between regulation and fostering an environment conducive to #innovation and expansion. Listen to full conversation here: https://bit.ly/4c3LlNE

On this significant Day of Reconciliation in South Africa, a time for us to reflect on the importance of unity, forgiveness, and understanding, let us express our commitment to building a more inclusive and equitable society, where everyone is treated with dignity and respect. Today, we commemorate the ideals of reconciliation and unity, and we should strive to embody these values in our daily lives. May this day serve as a reminder of the importance of fostering understanding and treating each other with the respect and empathy that every individual deserves. Here's to a world where reconciliation and unity prevail, and to a brighter, more compassionate future. 🌟🕊️ #RiskX #cybersecurity #IT #southafrica #audit #security #datasecurity #southafrica #DayOfReconciliation #UnityInDiversity #SouthAfricaUnity #ForgivenessAndUnderstanding #InclusiveSociety #EquityForAll #ReflectAndReconcile #BuildingBridges #CommemorateUnity #DignityAndRespect #EmbraceDiversity #SocialHarmony #ReconciliationDaySA #StriveForUnity #InclusiveFuture #FosteringUnderstanding #HarmonyInDiversity #PeacefulCoexistence #EmpathyMatters #BrighterFuture #CompassionateWorld #UnityPrevails #ReflectingOnReconciliation #SocialJustice #TogetherWeStand #RespectForAll #AfricanUnity

Embark on a journey through the legal sea, from basic compliance to abyssal crisis management. Explore challenges at every depth, including regulatory compliance, cybersecurity, ethical risks, and innovation. Equip your business with strategies for each level. Are you ready to navigate from surface uncertainties to abyssal complexities with confidence and foresight? --------------------------------------------------------------- #UAE #Dubai #Hoot #Hoot_Innovation_Hub #InvestInGCC #LegalCompliance #CybersecurityLaw #CorporateEthics #CrisisManagement #InnovationRisk

Starting the year off with some good news - S-RM and Invest Africa Ltd have entered a strategic partnership, which will see S-RM operating as Invest Africa's intelligence partner for the year. This is a partnership that makes sense. The combination of S-RM’s market leading intelligence and strategic support throughout Africa, with Invest Africa’s well-established network, will help business leaders and investors in their critical decision-making and ultimately provide them with the confidence to navigate risk and build resilient businesses on the continent. #africainvestment #duediligence #intelligence #geopolitics #cybersecurity

The World Bank's Global Digital Development practice, in collaboration with the Deloitte firm, conducted a study over a period of nine (09) months to assess the maturity and risks related to cybersecurity in CAR and to define a roadmap aimed at strengthening cybersecurity resilience in the country. First, let us a better understanding of the context of the Central African Republic. In fact, #CAR s currently in the process of structuring its cybersecurity risk management process. Despite having a low rate of digitization of services, the CAR is laying the foundation for secure digital development by strengthening the legal and regulatory framework through the recent adoption of laws on cybersecurity and cybercrime, as well as on the protection of personal data. The Government also established the National Cybersecurity Agency (ANCy), in addition to the Central African Agency for Digital Development (AC2D), to further enhance the country's governance, security, and acceleration of digital development. Furthermore, several projects funded by international development aid partners are being implemented to consolidate and digitize a number of administrative services in the CAR, such as civil registration etc. However, these initiatives and measures have not yet reached the necessary level of maturity to enable the country to have a robust capacity to prevent, detect, respond to, and recover from cybersecurity incidents and attacks. To all members of the digital international scientific market, investment community, and the Central African Republic diaspora, the present road map is among others, an evidence of the Government strategic investment in policies, procedures, human capital, infrastructures, and necessary resourceful to ensure a effective implementation and incubation of digital governance and innovation technology for the best interest of the country and our socioeconimic and diplomatic friends and partners. Your support and engagement in this endeavor are crucial as we strive to drive positive change and progress in the Central African Republic. Together, we can build a brighter future for our country and create a thriving environment for innovation, investment, and growth. #car #cybersecurity #worldbank #digitalinvestment #CentralAfricanrise #cargouvernment #innovationtechnology #scientificdiplomacy