Tag: RiskManagement

Since the release of the “Principles for effective risk data aggregation and risk reporting” regulation (commonly known as BCBS 239) in January 2013 by the Basel Committee on Banking Supervision (BCBS), the regulation evolved significantly, transitioning from a regulatory requirement into a strategic framework for improving risk data aggregation and reporting across the banking sector.

Cybercrime in South Africa is reaching new heights in 2025, with attacks becoming increasingly sophisticated and frequent. According to industry estimates, cybercrime is projected to cost the South African economy over R2.2 billion annually.[1] This surge highlights the urgent need for stronger digital defences across all industry sectors.