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The rapid expansion of IT, connectivity, and businesses in Africa has led to the continent becoming a high-value target for cyber attacks. Although Africa still has the lowest global Internet penetration rate, at 28.6%, this accounts for 10% of all global users. Compare this to a penetration rate of 74% in Europe accounting for 17% of global Internet users.
Africa is currently experiencing exponential growth, fueled by the rise in raw materials prices and the boom in the technological sector. The digital economy is developing at lightning speed. The potential for the technology landscape in Africa is virtually boundless, and so are the financial stakes...
This security brief explores why Africa is not immune to IT security threats – countries like Botswana, Nigeria, and South Africa have been featured in the news due to their prominence on global security threat indexes. Estimates vary, but together African nations such as Kenya, Angola, Nigeria, Rwanda, Botswana, Uganda, Tanzania, and South Africa lose billions of dollars per year to cyber attacks.