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Skills shortage hampers SA banks' cybersecurity - report

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Phishing poses a threat to banks all over the world. (iStock)
Phishing poses a threat to banks all over the world. (iStock)

Cape Town  - Local banks are learning fast but cybersecurity in South Africa's financial system is hampered by the country's dearth of highly sophisticated skills in that area, says an industry expert.

The growing threat of online security breaches is forcing banks worldwide to seek out new skills and techniques from the defence and counter intelligence communities.

Not surprisingly, Deloitte’s 2015 Banking Outlook report has found that cybersecurity is a top concern for banks around the world.

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