Cybersecurity in South Africa: 3 Tipping Point Moves for Big Business

Cybercrime is expected to cost the world $10.5 trillion annually by the end of this year. It’s an almost unimaginable amount of money, and surely not a cost businesses can continue to bear for very long.

In 2023, South Africa ranked in the top three most targeted African countries for cyberattacks, according to a report by Kapersky. Top of the list of crimes was ransomware attacks targeting critical infrastructure and financial services.

The recent declaration from Cell C that data compromised in a cybersecurity incident in January this year has now been unlawfully disclosed by RansomHouse throws into stark relief just how serious the problem is. There is clearly an urgent need for far stronger cyber risk mitigation strategies within all businesses in South Africa.

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