Mvelase warns of systemic risk as SA telcos lose fraud war

The Communications Risk Information Centre released its inaugural Sector Report examining telecommunications security across South Africa. Ransomware attacks affected eighty percent of organizations last year compared to fifty percent previously. Criminal groups target both digital systems and physical infrastructure through fiber cable theft and cellular tower damage. SIM box fraud allows international calls to bypass proper routing systems while generating illegal profits. These combined threats create widespread financial losses for telecommunications companies.

CEO Thokozani Mvelase advocates for industry-wide cooperation between telecommunications providers, internet service companies, broadcasters, and regulatory bodies. Current cybersecurity investments remain inadequate despite projections showing doubled spending by 2030. The report emphasizes developing shared intelligence networks and coordinated response protocols. South Africa requires unified standards for artificial intelligence oversight and enhanced protection against identity theft schemes. Mvelase stresses that systemic security improvements demand immediate action from business leaders and government officials.
 

Attachments

  • Mvelase warns of systemic risk as SA telcos lose fraud war.webp
    Mvelase warns of systemic risk as SA telcos lose fraud war.webp
    33.1 KB · Views: 73

Trending content

Sponsored

Top