Governments and financial institutions worry as Africa loses $3.5b to cyber crime
Lack of investment in preventive technologies and lack of expertise to tackle sophisticated cybercrime, has led to a significant increase of cyber attacks. FOTOSEARCH
Africa lost a staggering $3.5 billion in cyber attacks in 2017, up from $2 billion in 2016.
The Africa Cyber Security Report 2017 by Serianu, an information technology services and business consulting firm, shows that over 90 per cent of Africa’s businesses are operating below the cyber security poverty line (the point at which a company cannot protect itself effectively).
