Latest news with #EskomBoard
The Citizen
4 hours ago
- Business
- The Citizen
Eskom strengthens system against fraudulent tokens generation
State power utility Eskom says it has taken several steps to strengthen its systems against potential threats related to the generation of fraudulent prepaid tokens. In December 2024, the power utility disclosed, as part of its full-year 2024 financial results, a forensic report detailing the breach of its Online Vending System (OVS). 'The system was exploited to generate and distribute fraudulent prepaid electricity tokens, revealing critical vulnerabilities in both the physical and cybersecurity components of the utility's prepaid electricity infrastructure. 'In response, Eskom undertook a comprehensive review and intervention strategy aimed at mitigating these vulnerabilities and restoring system integrity,' Eskom said in a statement. Eskom Chief Technology and Information Officer, Len De Villiers, said the power utility has 'successfully strengthened the protection of its current systems against potential threats'. 'All system enhancements are managed through a robust Change Management process that spans all divisions, ensuring consistent oversight and control. These measures are part of Eskom's ongoing commitment to safeguarding operations and addressing identified vulnerabilities,' De Villiers said. The latest key actions implemented include: Internal controls to deal with electricity theft have been implemented. Measures to safeguard the system by reinforcing physical infrastructure and limiting both physical and digital access. Enhanced monitoring capabilities to ensure transparency and timely reporting. On-going collaboration with law enforcement agencies to support investigations and ensure accountability. As part of this process, internal employees who have been implicated have been placed on precautionary suspension pending further review. Augmented in-house capabilities, supported by an external Information Technology (IT) firm tasked to better manage risks and safeguard operations. Coordinated system upgrades through a structured change management process. Regular reporting to the Eskom Board, which has maintained oversight throughout the remediation process. Accelerated acquisition of a new. secure vending system, designed to replace the current OVS and prevent future incidents. Eskom Group Chief Executive, Dan Marokane, said: 'We are fully aware of the challenges that have emerged within the OVS environment, and we have taken clear steps to address them. 'Our focus is on restoring trust, strengthening our systems, and ensuring that our customers can rely on a secure and efficient service. This is not just a technical fix, it is part of a broader commitment to transparency, operational excellence and accountability.' Eskom, in conjunction with law enforcement, is investigating with the findings to be disclosed once complete. – At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
a day ago
- Business
- The Citizen
Eskom boosts cybersecurity after breach exposed flaws in prepaid token system
State power utility Eskom says it has taken several steps to strengthen its systems against potential threats related to the generation of fraudulent prepaid tokens. In December 2024, the power utility disclosed, as part of its full-year 2024 financial results, a forensic report detailing the breach of its Online Vending System (OVS). 'The system was exploited to generate and distribute fraudulent prepaid electricity tokens, revealing critical vulnerabilities in both the physical and cybersecurity components of the utility's prepaid electricity infrastructure. 'In response, Eskom undertook a comprehensive review and intervention strategy aimed at mitigating these vulnerabilities and restoring system integrity,' Eskom said in a statement. Eskom Chief Technology and Information Officer Len De Villiers says the power utility has 'successfully strengthened the protection of its current systems against potential threats'. 'All system enhancements are managed through a robust change management process that spans all divisions, ensuring consistent oversight and control. These measures are part of Eskom's ongoing commitment to safeguarding operations and addressing identified vulnerabilities,' De Villiers says. The latest key actions implemented include: Internal controls to deal with electricity theft have been implemented Measures to safeguard the system by reinforcing physical infrastructure and limiting both physical and digital access Enhanced monitoring capabilities to ensure transparency and timely reporting Ongoing collaboration with law enforcement agencies to support investigations and ensure accountability. As part of this process, internal employees who have been implicated have been placed on precautionary suspension pending further review Augmented in-house capabilities, supported by an external information technology firm tasked to better manage risks and safeguard operations Co-ordinated system upgrades through a structured change management process Regular reporting to the Eskom Board, which has maintained oversight throughout the remediation process Accelerated acquisition of a new, secure vending system, designed to replace the current OVS and prevent future incidents. Eskom Group Chief Executive Dan Marokane said: 'We are fully aware of the challenges that have emerged within the OVS environment, and we have taken clear steps to address them. 'Our focus is on restoring trust, strengthening our systems, and ensuring that our customers can rely on a secure and efficient service. This is not just a technical fix, it is part of a broader commitment to transparency, operational excellence and accountability.' Eskom, in conjunction with law enforcement, is investigating, with the findings to be disclosed once complete. – Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
