Trust at stake: The dangerous cost of weak cyber defences in HR startups
- Delight Hamilton from PiggyVest warns that the average cost of a data breach for HR startups is estimated at $4.45 million as of 2024.
- Mishael Harry, founder of SalarioPay, emphasizes the necessity for HR startups to invest in robust cybersecurity systems and employee training.
- In April 2025, a Kenya-based payroll platform suffered a ransomware attack that exposed sensitive employee records from over 50 companies.
The text highlights a pressing issue that many HR startups in Africa are neglecting: the critical need for cybersecurity. As the digital landscape evolves, these startups must prioritize security measures to protect sensitive data and maintain client trust. Ignoring cybersecurity not only jeopardizes their operations but also poses significant risks to their reputation and financial stability.
