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
Related Post
COP29 can ensure SMEs thrive in...
The transition to a just, resilient, net-zero future is not possible without small and medium-sized businesses, known as SMEs. They are the ...
Financing SMEs and Entrepreneurs 2024
Since 2020, a series of shocks to the global economy has had significant impacts on small and medium-sized enterprises (SMEs) and entreprene...
SMEs can benefit from integrating growth...
Accounting for about 30% of global greenhouse gas emissions, the industrial sector is accelerating its efforts to achieve net zero by 2050 ...