Cybersecurity investment

Following on this week’s Life Healthcare cyberattack, the issue of cybersecurity has once again been brought to the fore as businesses and individuals are forced to evaluate whether measures in place are strong enough to withstand major breaches in their security. Life Healthcare is the third major South African company that has been targeted by hackers this year. In February, Nedbank warned that the information of about 1.7 million clients was potentially affected by a data breach, and the following month chemicals and fertiliser maker Omnia Holdings said it’s IT infrastructure was subject to a cyberattack. Amongst the other big businesses that have been targeted in South Africa are Johannesburg City Council, Capitec Bank and Telkom. The trend is also true for the rest of the continent. I...