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May 23, 2017

Cyber-crime requires specialised protection against unique risks

The majority of businesses in South Africa are aware of the risks of cyber-crime, but very few of them have adequate – if any – cover to protect their organisations in the event of a cyber-attack. “A report by AT Kearney, Global Management Consulting Firm, has revealed that South Africa is the third most vulnerable country in the world for cyber-attacks, and the most vulnerable in Africa,” says Roy Wright, Head: Risk Solutions at leading financial advisory and wealth management business GTC.  “Cyber security is a real business risk that can affect a company of any size anywhere in the world, but too few local companies are taking steps to insure their organisations against this risk.” Grant Thornton’s recent International Business Report on cyber security reveals that 88% of businesses in South Africa have identified exactly where all their data...
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