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- uploaded July 27, 2022
The rapid rise of cyber risk in South Africa by Zaakir Mohamed and Mawande Ntontela
South Africa has in recent years seen a stark increase in the commission of crimes relating to cybercrime and/or cyber security breaches. It is no surprise that South Africa has rapidly garnered the reputation of a global hot spot for cybercrime, ranking sixth in the world for cybercrime density.
For organisations, the potential financial losses resulting from cyber-attacks can be astronomical, which is only exacerbated by consequential reputational damage that they potentially stand to suffer. For these reasons, it is now imperative that organizations develop an in-depth understanding of the cyber risks they are exposed to so that they may plan accordingly and develop the necessary systems to mitigate the losses associated with cyber-attacks.