Marsh Africa warns AI and cyber security short-term risks have spiked

Marsh Africa presented Oliver Wyman Forum research showing South Africans adopt AI faster than institutions can respond, with AI now topping climate change as a short-term risk. 58% of local organisations paid ransoms, and average ransomware recovery cost exceeded R17 million.

• AI overtook climate change as a top short-term risk in SA
• 58% of organisations paid ransoms; recovery averaged over R17m
• Daily AI use at work rose from 22% to 26%
• 61% of employees expect AI to replace over half of jobs