Kaspersky builds skills with SABRIC

1 November 2018 Editor's Choice, News & Events

Kaspersky Lab concluded a memorandum of understanding (MOU) 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 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.

Says Kalyani Pillay, CEO at SABRIC; “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 its immense expertise in global cybersecurity and deep threat intelligence.”

This MOU has seen Kaspersky Lab provide specialised cybersecurity training to security professionals in five of South Africa’s top banks which successfully covered key areas to equip cybersecurity professionals, in the areas of malware analysis, reverse engineering and incident response, to advance their IT security strategies.

The success of this training partnership resulted in recognition from the wider financial services industry locally, and Kaspersky Lab is exploring the possibility of including investment firms and asset managers into the scope of future events. This will also see the delivery of training on digital forensics, as well as other advanced training initiatives.



Credit(s)




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Highest increase in global cyberattacks in two years
Information Security News & Events
Check Point Global Research released new data on Q2 2024 cyber-attack trends, noting a 30% global increase in Q2 2024, with Africa experiencing the highest average weekly per organisation.

Read more...
World-first safe K9 training for drug detection
Technews Publishing SMART Security Solutions Editor's Choice News & Events Security Services & Risk Management Government and Parastatal (Industry)
The Braveheart Bio-Dog Academy recently announced the results of its scientific research into training dogs to accurately detect drugs and explosives without harming either the dogs or their handlers.

Read more...
The need for integrated control room displays
Leaderware Editor's Choice Surveillance Training & Education
Display walls provide a coordinated perspective that facilitates the ongoing feel for situations, assists in the coordination of resources to deal with the situation, and facilitates follow up by response personnel.

Read more...
Cyber top business risk as climate change hits record high
Editor's Choice
Globally, companies identify cyberattacks, particularly data breaches, as their primary business concern for the coming year, with business interruption ranked second. In Africa and the Middle East, cyber incidents, shifts in legislation and regulation, and macroeconomic developments are the three foremost business risks.

Read more...
As technology converges, so does cybercrime
Editor's Choice
Cybercrime is no longer siloed: it involves complex collaborations and coordination between different malicious entities, including state actors, organised crime and even drug and human trafficking networks.

Read more...
The need for integrated control room displays
Editor's Choice Surveillance Training & Education
Display walls provide a coordinated perspective that facilitates the ongoing feel for situations, assists in the coordination of resources to deal with the situation, and facilitates follow up by response personnel.

Read more...
The IoT trends shaping a smarter, more connected future
IoT & Automation News & Events
The Internet of Things (IoT) is revolutionising sectors across Africa. In 2025, IoT is expected to continue driving digital innovation, enhancing operational efficiencies, and enabling the creation of smarter, more sustainable ecosystems.

Read more...
The bane of burnout
Editor's Choice Security Services & Risk Management
The World Economic Forum has recently formally acknowledged burnout as an occupational syndrome, giving it a status that is even more worthy of being taken seriously and resolved as quickly as possible.

Read more...
Federated identity orchestration
Technews Publishing SMART Security Solutions Editor's Choice Access Control & Identity Management Security Services & Risk Management AI & Data Analytics
Understanding exactly who resides at the end of a digital device is key, and simple identity number verification by the Department of Home Affairs is no longer a viable solution on its own.

Read more...
Stay safe while using AI assistants
Kaspersky Information Security News & Events AI & Data Analytics
The new DeepSeek AI assistant has attracted a lot of attention, including the interest of cybercriminals. Kaspersky experts have detected scam activity related to it.

Read more...