Cyber threats in South Africa are growing more sophisticated every day.
According to Cybersecurity Ventures, the total cost of cybercrime globally is expected to reach $10.5 trillion USD this year. This alarming rise is largely due to the growing use of generative AI, including Deepfake technology, and increasingly advanced social engineering tactics.
Businesses across South Africa need to remain on high alert for phishing, malware, insider threats, DDoS (distributed denial of service) attacks, MitM (man in the middle) attacks, and domain hijacking. Ransomware stands out for its devastating impact.
Knowledge is power in the war on cybercrime. Bizcommunity breaks down each of the threats facing SMEs (small and medium sized enterprises) in South Africa, and what can be done to defend against them.
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