According to INTERPOL’s 2022 Africa Cyberthreat Assessment report, South Africa leads the continent in the number of cybersecurity threats identified.
In 2022, the country had 230 million threat detections in total. In second place was Morocco at 71 million.
Of the 230 million detected threats in the country, 219 million were e-mail-related threats. South Africa also had the highest targeted ransomware and business email compromise (BEC) attempts.
The exploitation of these cyber vulnerabilities within South Africa was further highlighted by Accenture, who identified that South Africa has the third highest number of cybercrime victims worldwide, at a cost of R2.2 billion a year.
The scale of cyber criminality in the country is further evidenced by the fact that the country saw a 100% increase in mobile banking application fraud and is estimated to suffer 577 malware attacks an hour.
The South African Banking Risk Information Centre (SABRIC) reported that “gross…
