South Africa's cybersecurity market grows as AI creates new threats

techcentral.co.za

South Africa's cybersecurity market is projected to reach R16.5 billion by 2029, driven by digitalization and financial sector demand. Artificial intelligence is a "triple-edged sword," fueling advanced cyber threats like deepfakes and automated phishing, while also being targeted by attackers. Despite growth, many companies resist increasing cybersecurity budgets, with the "human factor" and "shadow AI" posing significant risks.


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South Africa's cybersecurity market grows as AI creates new threats | News Minimalist