HOW TO PROTECT AGAINST CYBERCRIME
THERE were more than 50 million global cyberattacks over the 2017 holiday season. South Africa has the third highest number of cybercrime victims worldwide – losing about R2.2 billion to cyberattacks each year.
In the UK, more than a quarter of all online scams occur over the Christmas period. More South Africans prefer to do their festive shopping online to avoid the mall rush, but this spike in online shopping marks an ideal hunting ground for cybercriminals. Consumers doing their festive shopping online could be at risk of losing up to R70 000 per incident to cybercrime according to IT group Dimension Data.
Research by Barclays shows that more than a quarter of all online scams in the UK occur over the Christmas period, while Threat Metrix said there were more than 50 million global cyberattacks over the 2017 holiday season. Trends on local shores are much the same: according to the SA Banking Risk Information Centre, South Africa has the third highest number of cybercrime victims worldwide, losing about R2.2bn a year to cyberattacks.