SA Loses R3.7m Due to Cybercrime

South Africa loses R3.7 billion due to cybercrime, according to a report by the global firm, Norton

South Africa has lost R3.7 billion due to cybercrime over the past year, according to a cybercrime report compiled by global firm, Norton.

The growth of the mobile web in South Africa means more consumers than ever before are vulnerable to cybercrime as they access the internet using their cellphones.

In its report, aimed at understanding how cybercrime affects consumers, and how the adoption and evolution of new technologies affects people’s security, the company states that the top cyber services targeted are Internet banking, ecommerce and social media sites.

To read the article titled, “Cybercrime costs SA R3.7bn over past year,” click here.

Source: 
Business Day Live

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