1. The global average cost of a data breach in 2022 was $4.45 million, which is more than enough to completely devastate the majority of companies!
2. The Council for Scientific and Industrial Research (CSIR) said cybercrime costs the economy an estimated R2.2 billion Rand per annum.
3. Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022. Cybercrime is one of 2023’s biggest risks to SA businesses. By 2025, nearly half of cybersecurity leaders will change jobs, 25% for different roles entirely due to multiple work-related stressors, according to Gartner, Inc.