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Cyber insurance

SA cyber attacks – Major spike causes concern

According to the AON 2019 Global Risk Management Survey, cyber-attacks and data breaches are expected to jump to the third-highest overall risk in 2022. Currently it is listed in the 6th position on the top business risks for 2019.

In South Africa, malware attacks increased by 22% in the first quarter of 2019 compared to the first quarter of 2018, according to global cyber security company Kaspersky Lab. This translates into about 13 842 attempted cyber-attacks in South Africa per day.

In a recent News24 article Amin Hasbini, head of global research and analysis for Kaspersky in the Middle East, Turkey and Africa, pointed out that a lot of organisations are facing malware attacks and a lot of these are caused by employees making inappropriate use of company property – including on mobile devices.

Hasbini stated that Android mobile phones in SA are the second most targeted in the world in terms of banking malware.

Click here to read the News24 article.

Click here to read a 2018 News24 article titled 7 tips to protect yourself from malicious software, spyware.

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