The (near-inescapable) cyber risks to South African SMEs

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South Africa is a particularly attractive proposition for cybercriminals. The global Cyber Exposure Index ranks South Africa third on the list of most-targeted countries for cyber attacks.

Heino Gevers is customer success director at Mimecast

Small businesses are not immune to this – far from it: one global study suggests that 58% of all breach victims were categorised as small businesses. And without access to the same skills and technologies as larger enterprises, small businesses remain vulnerable to attacks and often lack appropriate response and resilience capabilities that can restore normal operations in the aftermath of a successful cyber attack.

Window of opportunity

Thanks to supportive legislation regarding enterprise development in South Africa, many SMEs are access points into far larger (and potentially more lucrative) supply chains. This means an SME may not be a cybercriminal’s ultimate choice of target, but a successful breach could expose larger organisations to attacks and leave the SME as collateral damage. The effects could be catastrophic in a country where 70% of SMEs fail within the first two years. Although no accurate data exists locally, government data…

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