Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Ethereum Traders Increase Leverage On-Chain As HFDX Liquidity Hits New Highs

2026-01-31

New To On-Chain Perps? HFDX Is Rapidly Emerging As The Beginner-Friendly Option

2026-01-31

Standard Chartered GBA Business Confidence Indices reveal steady business sentiment

2026-01-31
Facebook X (Twitter) Instagram
Trending
  • Ethereum Traders Increase Leverage On-Chain As HFDX Liquidity Hits New Highs
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»Opinion»Trust Is The New Currency Of The Digital Economy
Opinion

Trust Is The New Currency Of The Digital Economy

Lukhanyo ZahelaAnna CollardBy Lukhanyo Zahela and Anna Collard2026-01-12No Comments6 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
DIGITAL ECONOMY
DIGITAL ECONOMY. Freepik
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Recently, the conversation around cybersecurity has changed. It’s no longer confined to the CTO or CIO’s office – it has become a leading item in the executive boardroom. The reason for this pivot is that executives now see cybersecurity for what it truly is: a visible, prominent business risk with real-life financial and reputational consequences.

Failing to prepare for cyber threats can result in significant reputational and financial losses if customer-facing or internal systems are compromised. However, a robust security posture signals maturity – it informs regulators, investors, and partners that the organisation takes accountability seriously. In this scenario, cybersecurity becomes a reputation asset, not a cost centre. Equally, when customers know that a company handles data responsibly and transparently, it builds long-term loyalty.

However, for companies to truly benefit, they must embed security initiatives throughout the business early in their digital transformation journeys. By doing so, organisations will avoid costly later fixes and financial and reputational risks. This becomes particularly important when dealing with AI or AI agent deployments. Ensuring that cybersecurity measures are embedded into projects from the initial design and concept phase through to testing and implementation guarantees that governance and safeguarding are not an afterthought.

The cyber threat landscape is fast-moving

According to the Interpol Africa Cyber Threat report, the most frequently reported crimes on the continent are related to online scams, phishing, social engineering, financial sextortion, online harassment and BEC scams. The most pressing cyber threats impacting South African businesses, including ransomware, exploitation of cloud misconfigurations, supply chain attacks, hybrid work vulnerabilities, and social engineering, with a particular emphasis on the human element and the evolving role of AI in attack sophistication.

South Africa’s high digital adoption rates, combined with limited skills capacity, create the perfect storm for attackers. Cybersecurity experts are also seeing a sharp rise in AI-driven phishing, deepfakes – particularly those impersonating executives – and supply-chain vulnerabilities, all exploiting human trust and connectivity.

These threats are often enabled by weak human controls and poor digital hygiene. Ransomware is a major threat, because attacks can take companies offline for extended periods and disrupt digital transformation efforts. The rapid move to cloud environments has also led to increased misconfigurations, which attackers exploit, making cloud security a critical focus area.

However, just as cyber attackers are harnessing the power of AI for nefarious purposes, defenders are also using AI and global intelligence to ensure that there are no service gaps for customers, maintaining continuous protection against emerging threats. AI and automation have reduced the mean time of detection and response from hours to minutes or seconds, enabling a rapid mitigation of threats.

A culture of security

Mimecast’s 2024 The State of Human Risk report highlighted that human risk is now the biggest cybersecurity challenge for organisations, overtaking technology vulnerabilities, with 95% of breaches involving human mistakes. Technology alone isn’t enough – culture, communication, and clarity of accountability make the difference.

Human-centric security, zero-trust architectures, and continuous monitoring need to be built into every stage of transformation. The focus on people and culture is a key component of this, blending behavioural science and technology to foster digital awareness. It’s not just about deploying tools; but about developing enduring security habits, delivering effective awareness programmes, and introducing governance models that last beyond the project lifecycle.

Hybrid work has permanently blurred the boundaries between personal and professional networks, and the shift to remote and hybrid work models has introduced new attack vectors, as employees may connect from insecure locations without proper security measures. Training employees to pause, verify, and think critically before clicking has become an important driver for ongoing security management. It’s about balancing flexibility with vigilance.

When implementing a hybrid trust model, it’s also critical to consider every vector for access. Infiltration of networks via a third party such as contractors or service technicians to gain network access is on the rise. Third-party access must be scrutinised, as vendors can introduce vulnerabilities even when internal security is robust.

Organisations must concern themselves with identity management, highlighting the importance of verifying user identities, ensuring correct access rights, and monitoring for anomalies such as unusual login times or locations. Every device with a network connection, including IoT devices, must have its own identity and be subject to strict access controls and least privilege policies.

Lukhanyo Zahela, Executive Head: Cloud Security (Acting), Vodacom
Lukhanyo Zahela, Executive Head: Cloud Security (Acting), Vodacom

Critical priorities for business decision makers

As threats evolve daily, so must our defences. Managed security services should be built on adaptive intelligence, combining threat intelligence, automation, and human expertise in partnership with AI. Organisations must commit to continuously updating detection models, refining response playbooks, and integrating lessons from global incidents.

Global sharing across countries and industries is key in making defenders effective. Vodacom has integrated AI-driven detection into its managed security services, enabling the system to learn from each new attack and improve its defensive capabilities. Being connected to a global threat intelligence network allows the company to receive intelligence from incidents worldwide, allowing proactive protection of customers before similar attacks occur locally.

Effective data governance is essential for safe analytics and protecting sensitive information throughout the organisation, and it’s essential to embrace incident response management, with organisations regularly testing their incident response plans to ensure they are effective and actionable in real scenarios.

Vodacom Business clients have seen 15-25% reductions in cyber insurance premiums as a result of improved security posture and risk management. For example, a client avoided millions in production losses by stopping a ransomware attach before encryption, demonstrating tangible business value.

Trust is at the heart of every business’s value

Security-by-design starts with the right mindset, viewing every system, process, and interaction through a risk lens from day one. In practical terms, this means integrating controls and compliance frameworks early in the cloud journey, enforcing identity and access management, encryption, and governance standards across every layer. It also means fostering collaboration between IT, business, and security teams so that thinking about security is everyone’s job, and not just the prerogative of the IT department.

When there is transparency in security assessments and exercises, leaders are empowered to make informed decisions and say yes to innovation faster with managed risks. And when cybersecurity becomes part of the company’s DNA, it drives confidence, compliance, and collaboration. That’s when businesses stop seeing security as friction and start seeing it as strategic advantage.

  • Lukhanyo Zahela, Executive Head: Cloud Security (Acting), Vodacom and Anna Collard, SVP: Content Strategy, KnowBe4 Africa

digital economy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Lukhanyo Zahela

Anna Collard

Related Posts

South Africa Could Unlock SME Growth By Exploiting AI’s Potential Through Corporate ESD Funds

2026-01-28

How Local Leaders Can Shift Their Trajectory In 2026

2026-01-23

Why Legal Businesses Must Lead Digital Transformation Rather Than Chase It

2026-01-23

Directing The Dual Workforce In The Age of AI Agents

2026-01-22

The Productivity Myth That’s Costing South Africa Talent

2026-01-21

The Boardroom Challenge: Governing AI, Data And Digital

2026-01-20

Ransomware: What It Is And Why It’s Your Problem

2026-01-19

AI Can Make The Dead Talk – Why This Doesn’t Comfort Us

2026-01-19

Can Taxpayers Lose By Challenging SARS?

2026-01-16
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Meet The €2.95M Capricorn 01 Zagato Hypercar Rebel

capricorn GROUP (capricorn), the German-based industry leader in automotive and motorsport lightweight technology, presented two…

SARB Holds Repo Rate Steady in Cautious Monetary Policy Decision

2026-01-29

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

How a Major Hotel Group Is Electrifying South Africa’s Travel

2026-01-29

Volvo C70: 30 Years Of The Car That Changed The Way Volvo Looked

2026-01-29

The EX60 Cross Country: Built For The “Go Anywhere” Attitude

2026-01-23

Mettus Launches Splendi App To Help Young South Africans Manage Their Credit Health

2026-01-22

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Ethereum Traders Increase Leverage On-Chain As HFDX Liquidity Hits New Highs

2026-01-31

New To On-Chain Perps? HFDX Is Rapidly Emerging As The Beginner-Friendly Option

2026-01-31

Standard Chartered GBA Business Confidence Indices reveal steady business sentiment

2026-01-31
Recent Posts
  • Ethereum Traders Increase Leverage On-Chain As HFDX Liquidity Hits New Highs
  • New To On-Chain Perps? HFDX Is Rapidly Emerging As The Beginner-Friendly Option
  • Standard Chartered GBA Business Confidence Indices reveal steady business sentiment
  • AFF draws 4,000+ global political and business leaders, inaugural Global Business Summit
  • NSFW AI Chat with Advanced Memory Systems for Contextual Interaction Launches on Dream Companion
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2026 TechFinancials. Designed by TFS Media. TechFinancials brings you trusted, around-the-clock news on African tech, crypto, and finance. Our goal is to keep you informed in this fast-moving digital world. Now, the serious part (please read this): Trading is Risky: Buying and selling things like cryptocurrencies and CFDs is very risky. Because of leverage, you can lose your money much faster than you might expect. We Are Not Advisors: We are a news website. We do not provide investment, legal, or financial advice. Our content is for information and education only. Do Your Own Research: Never rely on a single source. Always conduct your own research before making any financial decision. A link to another company is not our stamp of approval. You Are Responsible: Your investments are your own. You could lose some or all of your money. Past performance does not predict future results. In short: We report the news. You make the decisions, and you take the risks. Please be careful.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.