Cyber-attacks are on the rise globally, with seriously negative implications for countries’ strategic, national, economic and social well-being.
A cyber-attack can be defined as an unauthorised attempt – successful or not – to infiltrate a computer or computer system for malicious purposes. Reasons for such attacks vary from financial gain to espionage, gathering strategic and national information and intelligence about an adversary. Such an adversary can be a nation state, a corporate entity or a private individual.
The authoritative international Cybercrime Magazine expects global cybercrime costs to grow by 15% a year over the next five years, reaching $10.5 trillion a year by 2025, reporting:
This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.
A 2022 report by Surfshark, the Netherlands-based virtual private network (VPN) service company, lists the top 10 countries in the world in terms of cybercrime density. Cybercrime density is defined as the percentage of cyber victims per one million internet users. South Africa is number six on the list, with the UK, the US, Canada, Australia and Greece taking places one to five. The UK, therefore, has the highest cybercrime density. That means ..
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