Highlights of this year’s Securex, the leading security trade exhibition in Africa, include a cybersecurity pavilion and a cyberlab seminar theatre sponsored by 4Sight Holdings technology group.

The company will announce the release of the third upgraded version of its XGRC Software product range at the expo, which includes the MSXCyber security management system.

MSXCyber is built to monitor cyber risks such as malware and data theft while enforcing compliance with international security standards, e.g. ISO 27001.

Cybercrime – An Exponential Threat

The cyberlab seminar will address the exponential threat of cybercrime which has grown to include more sophisticated attacks and growing threats on websites, cloud environments, email and mobile applications.

A 2017 study by Accenture noted that malware and web-based attacks are the two most costly attack types. It took most companies more than six months to detect a data breach, showed research by Ponemon Institute and IBM Security.

The same study found out that the average cost top US companies spent on a malware attack in 2017 was an astounding $2.4 million, while a data breach set back $3.62 million. But it is not only the big companies being affected.

Cybersecurity threats pose major risks for all businesses, no matter the size, from SMEs to top global enterprises. The biggest risk in today’s business is the lack of properly implemented security measures. Without these measures, 61% of SMEs plagued by a cyber attack go out of business within six months, according to Denver Post.

Our Integrated Management System (MSX) merges all organizational systems and processes in to one common cohesive framework that drives business excellence and ensures continual improvement. MSX enables business leadership to view management performance across the business activities and assists leaders to make informed actionable decisions.

ISMS – The Best Defence against Cybercrime

Businesses either have to outsource cybersecurity services to third-party experts (often at a costly price) or take a more hands-on and proactive approach to fight cybercrime via specialised information security management systems (ISMS) that help mitigate risks.

A 2016 article in Huffington Post revealed that 51% of SMEs were not allocating any budget to security risk mitigation. However, in 2018, 87% of surveyed CEOs reported investments in cybersecurity as a way to build trust with customers and clients, according to PwC.

Fortunately, the growth of effective cybersecurity software in the market is encouraging. Implementing and integrating ISMS in the business framework remains the best defence against cybercrime, and a long-term investment in cybersecurity management.

Securex 2019 is taking place at the Gallagher Convention Centre from 14 to 16 May. The expo will be co-located with A-OSH EXPO, Africa’s leading occupational safety and health trade exhibition, and, for the very first time, the Facilities Management Expo 2019.

Now in its 26th year, Securex, which showcases over 190 exhibitors, brings a full range of security-related products and services, as well as free workshops and seminars on the topic.

Visitors can register for attendance at no cost by visiting www.securex.co.za, which includes access to all shows, as well as five free-to-attend seminar theatres.

MSX Cyber, part of the XGRC product range, assists organisations in driving performance and compliance with its integrated information security management system built on the ISO 9001 Quality and ISO 27001 Information Security framework.