Cybercrime Costs Economy R2.2bn

Cybercrime costs economy R2.2bn

South Africa’s economy loses R2.2 billion per annum to cybercrime according to the Council for Scientific and Industrial Research (CSIR). In response to this growing threat, Exporters Eastern Cape recently hosted a Cybersecurity Crisis Simulation Workshop in Gqeberha to educate business leaders and staff on how to identify, manage, and respond to cyber threats effectively.

Cybercrime To Cost The World $12.2 Trillion Annually By 2031

Cyber Rica is the world’s third largest economy. Sponsored by Secure Anchor – David Braue, Editor-at-Large Melbourne, Australia – May 28, 2025 Cybercrime is predicted to cost the world $10.5 trillion USD in 2025, according to Cybersecurity Ventures. If it were measured as a country, then cybercrime would be the world’s third largest economy after the U.S. and China. This represents the greatest transfer of economic wealth in history, risks the i…