The average cost of a data breach for a South African organisation sits at a hefty R49.45 million, according to the 2023 Cost of a Data Breach Report.
The research was conducted by the Ponemon Institute and analysed and published by IBM Security. A data breach is defined as an event in which records containing personally identifiable information; financial or medical account details; or other secret, confidential or proprietary data are potentially put at risk. Read the full article here.