Discussion | SA ranks 14th globally in average cost of data breaches

JOHANNESBURG - South Africa's data breaches is costing the country billions.

According to Allianz Commercial’s annual cyber risk outlook report, South Africa ranks 14th globally in the average cost of a data breach.

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Large cyber insurance claims rose by 14% in frequency and 17% in severity in the first half of 2024.

Mukondeleli Masiza, complex claims expert at Allianz Commercial spoke to eNCA.