Cyberattacks on businesses around the world are on the rise, and Africa is not spared. These attacks cost businesses productivity, revenue, and client trust—not to mention the personal security of its patrons. For example, the 2017 Equifax data breach may have impacted 147.9 million consumers. The Wannacry ransomware attack of May 2017 has hit 150 countries, including many African ones. As this trend is on the rise, companies must develop a comprehensive approach to protect their informational assets and strengthen cybersecurity in order to be prepared to deal with these cyber risks. In order secure their digital transformation, companies doing business in Africa should prioritize these four key initiatives: implementing their cyber resilience strategies, developing cybersecurity skills, protecting data integrity, and integrating cyber risk protection in their decisionmaking process throughout all levels of management.
Figure 1. Key cybersecurity initiatives for African businesses
Design and deploy cyber resilience
Companies must prepare for cyberattacks and get cyber resilient because the threat is ever-present and ever growing. Cyber resilience should begin at the…
