4th August 2015 By Duncan Alfreds
Cape Town - Cyber crime is costing South African industry a fortune as data leaks hamper business growth, says a study that seeks to quantify the losses.
According to a study by tech firm IBM, one billion pieces of personal data were lost in SA in 2014, leading to a cost of R432 256 000. But cyber thieves have escalated their activities in 2015, already costing local businesses R465 412 000, or an increase of 7.67%.
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Hackers rob SA of 1 billion data points - IBM
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According to this article South Africa is easy pickings for the cyber criminals at this point in time. South Africa will have to step up its protection and bring them up to snuff with what is happening.
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