During 2019, the South African Banking Risk Information Centre reported that South Africa had the third-highest number of cybercrime victims worldwide with the country losing an estimated R2.2 billion to cyber-attacks.
Cyber-attacks spiked during the COVID-19 Level 5 lockdown as many employees adopted remote working. During 2020, and at the SMME level, cyber threats came largely in the form of phishing. In light of this and the imminent Protection of Personal Information Act 4 of 2013 (POPI), businesses should rethink their data management and protection strategies.
It is crucial for all businesses to obtain an assessment of their cyber risks and implement security measures in accordance with POPI. Employee awareness training on the provisions of POPI, cyber-attack techniques and the identification of cyber threats to prevent potential attacks or data breaches will be important.
To find out how SEESA can help your business visit our website for more: