South African Financial Sector Faces Mounting Insider Cybersecurity Threats, Kearney Analysis Reveals
New research from global consulting firm Kearney indicates insider threats now constitute nearly one-third of cybersecurity breaches in South Africa’s financial services sector. The report highlights detection difficulties and a 40% surge in insider incidents linked to legacy systems. Cybersecurity resilience has become a critical boardroom priority as digital transformation accelerates across the continent.
Growing Insider Threats Challenge South African Financial Security
Global management consulting firm Kearney has released concerning new findings about cybersecurity vulnerabilities within South Africa’s financial services sector, with insider threats emerging as a particularly pressing challenge. According to the analysis, financial institutions across South Africa and the broader African continent face increasingly sophisticated cybersecurity risks as digital transformation accelerates.