Sponsored: The growing costs of cybercrime – a data breach can impact a business for many years to come

Modern enterprises face an onslaught of cyber attacks and must not only be prepared to contend with the direct costs of potential breaches, but also with spiralling indirect costs such as compliance fines and reputational damage.

29 September 2022

Simeon Tassev, Galix.

As the threat landscape continues to evolve, so do the frequency and sophistication of attacks, with companies facing anything from denial-of-service attacks and phishing attempts to payment card skimming, identity theft, and account takeover threats.

“In South Africa, data breaches are a daily occurrence, not something that happens once or twice a year. In past years, we’ve seen high-profile breaches at Experian, Postbank, TransUnion and Sixt Car Rental, to name but a few,” says Simeon Tassev, MD and QSA at Galix Networking.

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