FRI, 15 JULY, 2022-theGBJournal| Cyberextortion remains an ongoing threat in sub-Saharan Africa with data leakages and targeted attacks in top two positions; Growing investment into connectivity and IoT increasing the cybercrime attack surface; There is a linear relationship between GDP and cybercrime.
The KnowBe4 and IDC Impact of Cyberextortion on Africa report released in June 2022 has revealed a complex cybercrime landscape in sub-Saharan Africa (SSA) with data leakages, insider threats, malicious emails and targeted attacks continuing to seriously impact business security in the region.
These threats are compounded by budget constraints and that nearly 60% of SSA organisations plan to increase connectivity and IoT use cases over the next 12 months. Growing investments into cloud, Internet of Things (IoT), connectivity and digital solutions increase the risks alongside the digital benefits.
The volume of threats facing organisations in Africa has grown exponentially over the past few years and there is a clearly visible linear relationship between the continent’s gross domestic product (GDP) and cybercrime – as one increases, so does the other, yet only about a third of Africa’s 54 countries have completed a national cybersecurity strategy. This opens up the threat landscape considerably and puts organisations at greater risk. Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
