Short-term risk from AI and cyber security has spiked, warns Marsh Africa

Marsh Africa’s research shows that South Africans have adapted to AI and cyber security trends faster than the institutions serving them, leading to a significant increase in short-term risks.

The company’s executives highlighted phishing as an ongoing challenge, with the wider adoption of generative and agentic AI making phishing campaigns more sophisticated.

Ransomware attacks are expected to become more targeted and capable of accessing businesses’ and crypto systems’ ‘crown jewels’ to demand sizeable ransoms.