In South Africa, Cybersecurity Investments are Needed to Mitigate Increasing Risks Amid COVID-19 Pandemic.

Lack of cybersecurity preparedness continues to create problems and risks for companies in South Africa. The 2020 FTI Consulting Resilience Barometer, which polled more than 2,000 respondents from large companies across all G20 countries, reported that companies in the region are suffering cyber attacks and falling victim to ransomware more than global averages (33% vs. 27% for overall attacks). While most leaders in the region are aware of the risks – 84% surveyed believe they have cybersecurity gaps – less than half said they have made investments in that part of their business in the last 12 months. This disparity between known risk and response is concerning even during the best of times.