The rapid expansion of IT connectivity and businesses in Africa has led to the continent becoming a high value target for cyber-attacks of all kinds. 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 17% of global users.
Africa is currently experiencing exponential growth, fed by the rise in the prices of raw materials and the boom in the technological sector. The digital economy is developing at lightning speed. As in many things for Africa – the potential for the technology is virtually boundless, and so are the financial stakes.
But, 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.