Extremely concerning
RESEARCH conducted by Interpol showed that South Africa had the third-highest number of cybercrime victims globally in 2022, with accumulated losses of more than R2 billion.
Chief underwriting officer at Santam Broker Solutions Underwriting at Santam, Philippa Wild, said the attacks were levelled at organisations of various sizes and across sectors such as healthcare, financial services, and online education.
The same Interpol report, which was discussed at a fraud summit this week, showed that the average hack of a
