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Finance · South Africa

Phishing Now South Africa’s Top Cyber Threat

Moneyweb · 2026/02/17

Summary

Phishing has become the most common cyber threat in South Africa, targeting individuals and businesses alike. This type of online scam tricks people into revealing personal information, such as passwords and bank details, leading to financial losses and identity theft. The rise in phishing attacks is partly due to increased internet use and the growing popularity of online banking and shopping. Many South Africans fall victim to these scams because the messages look very convincing and often create a false sense of urgency. Cybersecurity experts advise users to be cautious about clicking links in emails or messages from unknown sources and to verify any requests for personal information. For businesses, phishing attacks can cause serious disruptions and financial damage, so having strong security measures and staff training is vital. As phishing grows as a primary cyber weapon in South Africa, awareness and prevention are key to protecting both consumers and companies from harm.

OnABudget takeaway: Consumers should stay alert to phishing scams to protect their money and personal data. Small business owners need to invest in simple cybersecurity measures to avoid costly attacks that can disrupt their operations.

Read the original article on Moneyweb