Cyber attacks cost SA R360m as security still neglected

Some of the most damaging data breaches have cost South African organisations more than R360 million in the past three years, according to PwC's Global Digital Trust Insights Survey 2025: South Africa report.

- Faizel Patel

Despite this, only 29% of SA organisations expect to increase their cyber budget by 6% to 10% in 2025, according to the latest findings in the report.

The report shows that 66% of SA organisations prioritise mitigating cyber risks, which is higher than the global average of 57%.

This proactive stance towards cyber risk mitigation reflects heightened vigilance and a commitment to addressing the growing threat landscape.

Hamil Bhoora, PwC Africa cybersecurity leader, said the survey provided critical insights into the cybersecurity landscape in Africa and highlighted the urgent need for robust cyber risk mitigation strategies.