|NEW FRONTIERS OF DIGITAL-SPACE HANNESSING AFRICAN POTENTIALS|
In Africa, access to information and communications technologies is increasingly critical for its community's participation in economic and political life at national, international, and global levels. The adoption of cybersecurity policies and regulations in the entire continent is 72%, the lowest level in the world. Only 14 countries have ratified the African Union Convention on Cyber Security and Personal Data Protection. source: ptsecurity.com Jul 28, 2023.
According to recent data, African nations faced a significantly larger number of cyberattacks in 2022 than in years past. This leads to significant financial loss. In 2016, cybercrime cost the Kenyan economy about 36 million USD, the South African economy 573 million USD, and the Nigerian economy 500 million USD.source: Interpol.int
Governments and industry must allocate resources to deploy state-of-the-art technologies, robust firewalls, intrusion detection systems, and data encryption protocols. These measures create formidable barriers that deter cybercriminals and increase the resilience of critical systems. About 90% of African businesses operate without cybersecurity protocols, making them vulnerable to cyber threats; source: ptsecurity.com Jul 28, 2023.
Revenue in the Cybersecurity market is projected to reach US$2.03bn in 2023. Cyber Solutions dominates the market with a projected market volume of US$1.02bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 11.76%, resulting in a market volume of US$3.54bn by 2028. source: statistical.com
The African industry, government, and the innovation tech ecosystem need to remain vigilant. Cyber security threat actors are intelligent and capable, their engineers are committed to the profits generated from extortion, fraud, and data theft, which means they are constantly evolving their approaches to overcome next-generation security measures. As a result, governments and companies cannot afford to rest on their laurels – they must evolve alongside the cyber threat and consistently invest in the right tools, training, and service providers.
But what does that mean exactly for Africa?
To answer that question, the AFRICAN DIGITAL LEADERSHIP INNOVATION NETWORK (ADL-INNET) in partnership with stakeholders in Africa, and Europe, is launching this Webinar to proffer an insightful and Inside-Out discussion on cybersecurity resilient and sustainability roadmap for Africa.
Our esteemed speakers will enlighten the audience such as Industry, Startup/Innovation Hubs, Govt, Social, and Research on current challenges, and proffers proactive actionable strategies, next steps, and innovation prospects towards the African exponential cybersecurity roadmap going forward. The speakers will share current practical experiences, and provide inside-out into cybersecurity protection and implementation expectations.
ADL-INNET is an independent non-profit organization drawing upon open innovation & real-world thematic sectoral based communities’ experiences to inspire effective Leadership and policies towards the African exponential innovation and digital landscape transformation.