Cyber-attacks, ransomware and data breaches are becoming
increasingly more frequent and a threat to the day-to-day
operations of a business. The recent data leak by Experian has
highlighted the need for robust cyber security systems,
particularly when sensitive personal information such as banking
information is held by a business.
The breach has emphasised the need for the Protection of
Personal Information Act No. 4 of 2013 (POPIA) to foster an
atmosphere of compliance when dealing with consumer information,
especially where businesses are processing Big Data unbeknownst to
the consumer.
The Experian data breach has further highlighted how consumers
should know who is in possession of their personal information.
When news first broke about the breach, many consumers were unaware
of the consequences, until their respective financial institutions
starting releasing SMS's and statements, assuring consumers
that they were taking every precaution necessary to secure
