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South Africa's cybercrime surge drives $1 billion cybersecurity market growth by 2029, amid talent shortages and rising threats.
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.
The financial sector leads demand, with ransomware and infostealer attacks increasing, and data breach costs averaging R44.1 million.
Organizations are investing in identity management, data protection, and zero-trust models, while facing burnout and high stress among cybersecurity teams.
Business logic vulnerabilities, which exploit legitimate app functions, are emerging as a major overlooked threat.
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.
El aumento de la delincuencia cibernética en Sudáfrica impulsa el crecimiento del mercado de seguridad cibernética de $ 1 mil millones para 2029, en medio de la escasez de talento y las crecientes amenazas.