SA Data Hacked? Here's How to Stop Identity Theft
The start of 2024, for South Africa-registered company directors like me, brought a wave of concern that rapidly spread through our business community.
?
The notorious CIPCI cyber-attack that exposed our sensitive data and the subsequent 220 network breaches is a stark reminder that we are all vulnerable.?
But what can we do when our sensitive data falls into the wrong hands? And how do we stop hackers from stealing our identities, opening accounts, or even buying properties?
In my experience - our first line of defence is understanding our rights as a compromised data subject. Even more so as CIPCI downplayed the severity of the network breach. So, here’s my take on how to best safeguard our sensitive data from a potentially life-changing identity theft.
What Legal Recourse Do I Have When My Data is Stolen?
When a breach occurs, it's essential to know that the Information Regulator is mandated by law to enforce the Protection of Personal Information Act (PoPIA) .
The Information Regulator has the authority to investigate and impose sanctions on organisations that fail to “adequately protect personal data”.?
This includes the power to issue hefty fines and demand basic corrective actions like updating anti-virus software.?
However, it’s important to point out that under PoPIA organisations are only required to deploy reasonable and adequate technical safeguards to protect personal information.?
Although compromised organisations may argue that the Information Regulator's mandated "corrective actions" are unreasonable.
The Cybercrimes Act also requires financial institutions and electronic communication vendors to report network breaches to the SA Police Service within 72 hours and retain crucial evidence. But those legal requirements have yet to be enforced.
Therefore, some may argue that South African data privacy statutes are counterproductive and do not adequately protect "the man in the street".
What Should I Do If My Identity Is Stolen?
Considering the staggering amount of network breaches and unsolicited daily spam calls most of our sensitive data may already be for sale on the dark web.?
So, it’s imperative to be prepared and take immediate action if or when your identity is stolen to open fraudulent accounts or obtain loans by doing the following:
A Comprehensive Guide to Protecting Your Data Online?
While most people believe that the onus lies with service providers to safeguard their data. It’s a shared responsibility that requires “zero trust”, hypervigilance, and due diligence by deploying the following risk mitigation strategies:
Trust No-One!
Cybercriminals use various methods to access your information, including convincing AI-generated phishing scams, malware, etc. Thus, it's essential to treat all your online interactions with suspicion and verify the authenticity of everyone online.
Deploy Strong Passwords and Authentication Processes
One of the simplest, yet most effective ways to protect your online data is by using strong, unique passwords for all your accounts. Avoid using easily guessable passwords like "123456" or "password."?
Instead, create complex passwords that include a mix of letters, numbers, and special characters. Additionally, enable two-factor authentication (2FA) wherever possible to add an extra layer of robust security.
Update Your Software Regularly
Keep your operating system, applications, and anti-virus software updated with the latest security patches. Cybercriminals often exploit vulnerabilities in outdated software to gain unauthorised access to systems.?
Moreover, by installing security patches timeously you close those security gaps and protect your data from potential breaches.
Use Secure Trusted Wi-Fi Connections
Avoid using public Wi-Fi networks for sensitive activities like online banking or shopping. If you must use a public Wi-Fi network, ensure that you connect through a Virtual Private Network (VPN), which encrypts your data and hides your online activity from prying eyes.
Monitor Your Accounts Like a Hawk!
Check your bank statements, credit reports, and online accounts regularly for unauthorised transactions or changes. If you notice anything suspicious, report it immediately to the relevant institution.
How The SecureKey Group Combats Identity Thefts
The SecureKey Group has emerged as a global bastion of cryptographic data security solutions that safeguard personal data - even when a network breach.?
Our expertise in blockchain PCI DSS.40 compliant, robust FIPS 140-2 Level 3 encryption, distributed tokenization platforms , and tamper-resistant Hardware Security Modules render personal data useless following a cyberattack.?
We ardently believe that the threat of identity theft in the wake of data breaches is a reality that we must all face with vigilance.?
Thus, by taking proactive steps and deploying SKGs cutting-edge solutions, you will fortify your defenses against all digital incursions.
Conclusion
Considering the proliferation of SA data breaches - the battle against identity theft is ongoing. But by knowing your rights and deploying the right tools. We can all emerge stronger.?
So, let's take a stand and protect our precious digital identities with an unwavering resolve - before it's too late.
Frans Marx is the CEO of SecureKey Group and an experienced adviser to banks and large corporations on Cryptographic Data Protection.