South Africa: Tighten up on blocking cyber crime or face financial ruin
14 Feb 2017

David Loxton, of international law firm Dentons SA, said many incidents of cybercrime go unreported but research shows that it is increasing rapidly.

He quoted recent figures from software security company Symantec, which showed that globally in 2015 more than 500million personal records were stolen or lost because of cyber crime and phishing attacks increased by 55%.

In 2014 South Africa had the highest number of cyber attacks in Africa and losses were estimated at about R50-billion.

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