A new generation of services make backups easy and affordable for smaller companies. Data can really rattle someone’s risk cage. Just bring up ransomware. Far from being a minor concern, ransomware payments exceeded US$1 billion in 2023, excluding other costs such as recovery and stalled operations. MGM Resorts refused to pay a ransomware demand, but the...
Day: <span>18 March 2024</span>
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New IT Risk regulations for SA Financial Sector in 2024
Financial Services must align with global standards South Africa’s financial services companies, including insurers, have until 15 November 2024 to comply with the requirements of the new Joint Standard for IT Governance and Risk Management, issued by the Financial Sector Conduct Authority and the Prudential Authority. This latest amendment to the Financial Sector Regulation Act,...
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Smart Africa’s digital Academy receives a $20Million grant from the World Bank to expand across Africa
The World Bank is partnering with Smart Africa, to scale up the Smart Africa Digital Academy (SADA) initiative from a national to a regional focus as part of the Western Africa Regional Digital Integration Program (WARDIP), in a bid to advance regional integration of digital markets through a USD 20 million grant for 5 years. This...
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African Development Fund commits $12 million to the rapid operationalisation of the African Pharmaceutical Technology Foundation (APTF)
The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a contribution of $1.93 million from...