SA’s cyber security services market has been projected to hit R16.5 billion by 2029. South Africa’s cyber security services market is expected to reach R16.5 billion by 2029, with the financial services sector showing strong demand, says BMIT. This comes amid the rise of cyber crime attacks on the local front, which has seen the…
New Magix R&D Lab White Paper Helps Local Businesses Identify Hidden Cybersecurity Weaknesses and expose Business Logic Vulnerabilities. Learn how logic flaws in apps can cause major business risks and how to identify them before attackers do. South African businesses are investing heavily in cybersecurity – patching systems, encrypting data, and monitoring endpoints. Yet many…
South Africa’s cybersecurity services industry is set for explosive growth, with market revenue forecast to R16.5-billion by 2029, according to BMI TechKnowledge Group’s SA Cybersecurity Services Report 2025. The research projects a 20.3% compound annual growth rate, driven by accelerating digitalisation and particularly strong demand from the financial services sector. Yet, while the threat landscape…
Defensive AI must match offensive AI. AI and generative AI have been transformative for the cyber crime industry, giving attackers easy access to a wealth of tools that enable them to move faster and more effectively. At the same time, legitimate organisations using generative AI could be making themselves vulnerable and putting their sensitive data…
Jacques du Toit, CEO at Vox Telecom. Cyber attacks are growing in both sophistication and frequency, with AI-powered threats on the rise. This was highlighted by Jacques du Toit, CEO of Vox Telecom, during an interview with ITWeb at the Vox Cyber Security event in Johannesburg last week. He also emphasised the importance of cyber…
As cyber attacks continually rise, the Information Regulator says it needs more staff. As cyber attacks escalate and companies fail to report hacks under the Protection of Personal Information Act (POPIA), the Information Regulator does not have sufficient staff to enforce the law. Mukelani Dimba, executive for education and communication at the Information Regulator, tells…
Justice and constitutional development minister Mmamoloko Kubayi. South Africa has become part of 65 United Nations (UN) member states that signed a global treaty aimed at strengthening nations’ collective defences against cyber crime. The signing, which took place in Vietnam at the weekend, makes way for the United Nations Convention Against Cyber Crime, which that…
Global losses to scams are now estimated at more than one trillion dollars a year. The United Nations warns that hundreds of thousands of people have been trafficked into Southeast Asia to operate online fraud networks, many disguised as call centers or customer service firms. Their victims are everywhere, on messaging apps, in email inboxes,…
Rashid Ishmail, CISO at Access Bank. The continued shift to distributed environments, cloud-first architectures, remote workforces and global supply chains has heightened cyber and information risk exposure. Oversight in distributed environments needs to be strengthened, urges Rashid Ishmail, CISO at Access Bank. Ishmail will speak at the ITWeb GRC 2025 event on 30 October at…
On this edition of ITWeb On The Road, we get a behind the scenes look at some of the CSIR’s innovations. Cyber crime remains one of the biggest pain points in SA, resulting in large-scale financial losses for many local organisations. So says Dr Jabu Mtsweni, head of the Information and Cyber Security Centre at…
