The rise of cybercrime in Africa: A growing threat

Nearly 90% of African businesses lack cybersecurity protocols

Oct 2, 2024 - 16:28
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The rise of cybercrime in Africa: A growing threat

(AFRICA NEWS) – In recent years, cybercrime has skyrocketed globally, with the number of successful cyberattacks more than doubling in the past five years. This alarming trend is also evident in Africa. In 2023, the continent recorded the highest number of weekly cyberattacks per organization.

These incidents can have devastating consequences for businesses and governments, ranging from disruptions in business operations to large-scale theft of funds and the leak of sensitive data. According to the United Nations Economic Commission for Africa, the lack of preparedness against cyber threats could cost African countries up to 10% of their GDP annually.

Social engineering plays a role in 52% of successful attacks on organizations and 91% on individuals in Africa. About 29% of these attacks involve fake websites mimicking company, bank, or payment system authentication pages. One of the main challenges for the continent lies in the inadequacy of cybersecurity infrastructure. Nearly 90% of African businesses lack cybersecurity protocols, making them extremely vulnerable to attacks.

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Fibis I am just an average American. My teen years were in the late 70s and I participated in all that that decade offered. Started working young, too young. Then I joined the Army before I graduated High School. I spent 25 years in, mostly in Infantry units. Since then I've worked in information technology positions all at small family owned companies. At this rate I'll never be a tech millionaire. When I was young I rode horses as much as I could. I do believe I should have been a cowboy. I'm getting in the saddle again by taking riding lessons and see where it goes.