Financial Losses in South Africa From Phishing Attacks

in Transnational Crime

According to the South African Anti-Phishing service, a total of 1,942 phishing attacks were recorded in the country in the first half of 2012. The financial losses that resulted from the cyber crimes amounted to $7.2 Million (71 Million South African Rand).

A Symantec Intelligence Report in June 2012 found that one in 171 emails sent in South Africa was a phishing attempt.

Source:  “Cyber crime becomes prominent in SA,” ITWeb, September 23, 2013.

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