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flag South Africa's cybercrime surge drives $1 billion cybersecurity market growth by 2029, amid talent shortages and rising threats.

flag South Africa’s cybersecurity market is projected to reach R16.5 billion by 2029, driven by rising cybercrime, AI-powered threats, and a critical shortage of skilled professionals. flag The financial sector leads demand, with ransomware and infostealer attacks increasing, and data breach costs averaging R44.1 million. flag Organizations are investing in identity management, data protection, and zero-trust models, while facing burnout and high stress among cybersecurity teams. flag Business logic vulnerabilities, which exploit legitimate app functions, are emerging as a major overlooked threat. flag CISOs are increasingly focused on translating technical risks into business terms for executives, with platforms like CISO Whisperer launching to support strategic decision-making amid growing board-level engagement on cybersecurity.

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