EDUCATION INDUSTRY
Cyber Threats: Top Hackers threatening Higher Education Institutions right now!
Who are these gold miners, and what do they have to gain?
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Our aim is to protect shareholder value by providing Assurance and Advisory services on change portfolios and large-scale programmes to assist organisations.
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Forensic Services
Our forensic capability is integrated with our wider advisory services – not an add-on.
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Cyber Advisory
Our Cyber Advisory service is designed to help you identify, protect, detect, respond and recover from cyber-attacks.
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IT Advisory Services
We help clients to navigate the complexities and provide you with robust independent assurance that your IT risks, key management priorities and core systems are being appropriately managed.
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SNG ARGEN
We have a dynamic actuarial team set to assist businesses to comply with the audit standards where actuarial services are required.
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General Audit
We provide a sound statutory audit of financial statements specialising in both listed entities and state-owned organisations.
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Financial Services Group (FSG)
The Financial Services Group (FSG) offers specialised audit and advisory solutions to the banking, treasury and financial services sectors.
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Technical Excellence
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We offer your business access to a global network of tax specialists in over 130 countries with extensive corporate tax technical skills to provide meaningful advice and adding value to your organization.
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We can manage your overall exposure to indirect taxes, guide you through complex South African Value-Added Tax (VAT) legislation.
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Our team is ideally suited to serve large multinationals and other global companies that need on the ground expertise in multiple jurisdictions, given our extensive network of offices around the globe.
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Industry Hub
We combine deep industry expertise with newly uncovered insight to offer you long term solutions that are both illuminating and actionable for your company's...
With our forward-thinking approach, we can help you identify business risks and potential obstacles and help clients leverage legacy and emerging technologies...
We offer specialised audit and advisory solutions to the banking, treasury, and other financial services sectors.
We at SNG Grant Thornton are uniquely placed to provide proactive service delivery and expertise that is locally focused in the longer term to help your...
Our team possess a wealth of expertise and a strong record in this industry to bring you pragmatic solutions that are realistic and sustainable
We assist both public and private sector organizations to adapt to the shifting tourism environment.
We know that every organisation is different. We offer your organisation advice and tailored solutions based on our Education Sector expertise to meet its...
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Business Consulting
We provide fit-for-purpose solutions to address major challenges the Education sector faces by supporting our clients.
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Employees’ Tax Services
Its important to ensure that the institution complies with the tax legislation and that all payroll records are accurate and complete.
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Programme Assurance & Advisory
The need for sound project management and effective solution delivery gives you the edge in competitive markets.
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Forensic Services
Fraud detection review and forensic investigation for Higher Education
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Digital and Analytics
The digitalisation of processes within the higher education sector leads to increased data generation. This data can be an essential asset when leveraged correctly.
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Cyber Security Services
There is no one-size-fits-all security solution to preventing all attacks, but we have cybersecurity strategies that education institutions can use to minimise cyber threats.
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1 min read
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03 Oct 2022
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Cybersecurity-Infused Innovation
Cybersecurity-Infused Innovation
Innovative firms in professional services, like accounting, consulting, and legal, often overlook the importance of cybersecurity awareness. This article highlights how integrating cybersecurity awareness into the innovation strategy can benefit such firms.
Contents
Consequences of neglecting cybersecurity
The ramifications of neglecting cybersecurity are substantial. Companies that fail to prioritize cybersecurity risk falling victim to cyberattacks, data breaches, operational disruptions, reputational damage, and potential legal liabilities.
In an era marked by digital transformation, companies that do not adapt to the ever-evolving cybersecurity threat landscape risk becoming vulnerable and obsolete. Companies must integrate cybersecurity awareness as a core component of their innovation strategy to address these challenges and lead the industry forward. This begins with fostering a culture that values and encourages cybersecurity vigilance. Employees should not only be empowered to think creatively and share ideas but also educated about the importance of cybersecurity and the potential risks associated with technological innovation.
The best Cybersecurity practices
Establishing channels for collecting and implementing cybersecurity-related suggestions from all levels of the organization is essential. Regular training programs and workshops on cybersecurity best practices should be implemented to ensure that all employees are equipped with the knowledge and skills to identify and mitigate potential cyber threats. Embracing technology with a cybersecurity mindset is another vital aspect. Outdated processes can not only hinder productivity but also expose organizations to cyber vulnerabilities. By integrating automation, artificial intelligence, and other technological solutions with strong cybersecurity protocols, companies can streamline operations while safeguarding sensitive data and client information.
Differentiation remains key in a competitive landscape.
Plus cybersecurity can be a significant part of that differentiation. Without adequate cybersecurity measures, companies may struggle to offer a secure and trusted environment for their clients. Investing in robust cybersecurity measures, regular security audits, and continuous monitoring can help companies stand out by offering clients a higher level of data protection and privacy. Overcoming resistance to change, particularly when it comes to cybersecurity, is crucial. Fear of cyber threats and a rigid corporate culture can impede the adoption of cybersecurity best practices. To address this, companies must promote a cybersecurity-conscious mindset, facilitate transparent communication about potential threats, and provide ongoing training to help employees stay vigilant and adapt to new cybersecurity technologies and processes.
Practical approaches that can help bridge this gap
In summary, this article underscores the significance of integrating cybersecurity awareness into the professional services industry's innovation strategy. It emphasizes that staying competitive and relevant in today's digital landscape requires not only technological innovation but also a robust cybersecurity framework. While larger firms have already integrated cybersecurity into their strategies, smaller and medium-sized firms might face challenges due to concerns about affordability and potential return on investment. However, there are practical approaches that can help bridge this gap:
- Collaborative efforts with cybersecurity partners or peers can pool resources and expertise.
- Identifying specific areas for cybersecurity innovation allows smaller firms to focus their efforts and resources effectively.
- Leveraging cost-effective cybersecurity solutions, such as cloud-based services and open-source software, provides access to advanced tools without substantial upfront costs.
- Cultivating a cybersecurity-conscious culture encourages employees to contribute ideas and practices that enhance the organization's security posture, capitalizing on their collective expertise.
By embracing these strategies and integrating cybersecurity awareness into their innovation efforts, smaller professional services firms can navigate the innovation landscape while strengthening their cybersecurity defences. This approach not only drives growth but also secures their position in the dynamic and digitally driven business environment.
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