Public-private partnerships are key in fight against cybercrime, MPs told
The government needs to promote public-private partnerships in order to counter cybersecurity breaches and incidents, Parliament heard on Tuesday. Officials from the Department of Telecommunications and Postal Services briefed MPs on efforts to boost SA’s security arsenal to thwart cyber attacks. Cybercrime is now seen as one of the biggest threats to countries’ critical information infrastructure and socioeconomic development. In SA, cybercrime is now the fourth-most reported economic crime, according to the findings of PwC's 2016 Global Economic Crime Survey. The South African Banking Risk Information Centre (Sabric) estimates that South Africans lose more than R2.2bn to internet fraud and phishing attacks annually. On Tuesday, the telecommunications department said the recently launched national cybersecurity hub would be crucial in curbing cyber attacks. The hub would ensure appropriate consultation between the justice, crime prevention and security cluster; departments; the pri...
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