New Evolving Cyber Threat in Africa
CIOREVIEW >> Cyber Security Africa

New Evolving Cyber Threat in Africa

By CIOReview | Friday, September 16, 2022

The volume of threats facing organizations 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 and cybercrime

FREMONT, CA: Over the past few years, the amount of risks facing African organizations has increased tremendously, and there is a discernible linear relationship between the continent's GDP and cybercrime when one rises, the other climbs as well. However, just 17 out of Africa's 54 nations have developed a national cybersecurity strategy. This significantly widens the threat landscape and increases the risk to organizations.

Data leaks, insider threats, malicious emails, and targeted assaults continue to significantly negatively impact enterprise security in sub-Saharan Africa (SSA). Budget restrictions and the fact that over the next 12 months, approximately 60 percent of SSA organizations intend to boost connectivity and IoT use cases only serve to exacerbate these concerns. The hazards associated with using the cloud, the Internet of Things (IoT), connectivity, and digital solutions are growing, along with their advantages.

Data leakage (61 percent), insider threats (43 percent), targeted phishing attacks (37 percent), cloud-related attacks (34 percent), and ransomware attacks (30 percent) are the main dangers to organizations in sub-Saharan Africa in 2022. Business email compromise, cloud misconfigurations, software supply chain attacks, and non-compliance are the top five global risks. The second most frequent form of cybercrime is still phishing or social engineering assaults, which are also changing in terms of success rates and strategy.

In sub-Saharan Africa, 56 percent of organizations are said to be in the first two stages of data security maturity, which suggests that many are still having trouble establishing their security footing in this ever-changing environment. Cybersecurity risks throw decision-makers and security teams off balance, especially concerning skill shortages, budget constraints, and more complicated regulations. It's kind of like attempting to balance in the middle of an earthquake.

Chief Information Security Officers (CISOs) find it difficult to find competent staff who can handle the security alerts they receive while keeping up with data protection regulations and building networks capable of withstanding cyber threats. Cyber extortion can be profitable. Additionally, cybercriminals do not anticipate many sanctions from African states. This indicates that it is difficult to halt and is extremely likely to spread throughout the continent even more.

African organizations need to prioritize security investments and strategies that will enable them to combat this threat with greater agility and resilience. This includes choosing the best security service providers, implementing a defense depth model with cloud security, prioritizing privacy and compliance, and fostering a security culture among decision-makers and employees.