RESEARCH conducted by Interpol shows 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 Philippa Wild said the attacks were levelled at organisations of various sizes and across sectors such as healthcare, financial services, and online education.
The Interpol report, discussed at a fraud summit this week, showed the average hack of a small business system could amount to