Work from home increases cyber attack risks for SMEs

October 8th, 2021 – South African business, especially small and medium enterprises (SMEs) are besieged by an increasing number of cyber attacks and need to invest in defensive technology while the state urgently needs to enact legislation and enforcement capabilities, cybercrime experts have warned.

This is as about 43 percent of cyber attacks target small businesses, particularly those in the financial, healthcare, retail, insurance, and legal sectors.

Among the most recent attacks were on the South African National Blood Services (SANBS), logistics utility Transnet which was put off-line for two days, the National Space Agency in Pretoria as well as some financial institutions.

The attacks are costing the local economy more than R2.2 billion a year in malware, ransom attacks and other disruptive aggression that leaves businesses at odds and ends.


Written by Business Report Online
Photo: BitMAT

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