Businesses in East Africa have reported the highest number of cyber-attacks in Africa, implying the rising threats that come with massive digital transformation.
A survey by audit firm KPMG focusing on 300 companies, both large corporations and small and medium-sized enterprises (SMEs), reveals that about three in 10 businesses in the region have fallen victim to cyber-attacks.
The survey blames this on “rapid development and adoption of digital technology across business sectors with limited expertise and awareness around technology and digital infrastructure.”
About nine in ten firms in the region are currently undertaking a digital transformation or have already finished transitioning, compared to 82 percent in West Africa.
John Anyanwu, Africa cyber lead at KPMG, said many economies in the continent have managed to shake off pandemic woes and the effects of other shocks to increase “consumption and adoption of digital technologies at grassroot level.”
The threats
But cybercriminals have revamped their tactics to prey on unsuspecting organisations, primarily posting ransomware, business email compromise and data leakage threats…
