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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now