Cybercrime already cost the world $6 Trillion in 2020 90% of African businesses are operating “without the necessary cybersecurity protocols in place” - Interpol. Are you ready?
597,028,294 US dollars is the projected cumulative annual cost of cyber security attacks across East African Community (EAC) countries for 2020
43% of all cyber-attacks are aimed at small businesses - according to a report by MTN Kenya.
Organizations in Kenya are projected to su¬ffer the greatest amount of annual losses both in total as well as a percent of GDP at US$307 million and 0.3% respectively.
Countries in the EAC have been losing approximately 0.26% of GDP from cybercrimes since 2017.
The Communications Authority of Kenya reported a 47.3% increase in cybercrimes in the past year reaching 37.1 million separate attacks officially reported in Kenya alone suggesting that cybercrimes are growing faster in East Africa than elsewhere. This elevated cybercrime growth rate is likely compounded as other reports from MTN in Kenya suggest that nearly 90% of cybercrimes are not being reported.
Join us at the African Congress on Cybersecurity to explore the challenges and opportunities in the ever-changing world of cyber threats. The Africa Congress on Cyber Security is powered by the Gulf Congress on Cybersecurity (Now on its 4th annual edition) provides a forum for qualified decision-makers, CIOs, CISOs, and CTOs from the government, banking, financial services, healthcare, oil and gas, and other industries to meet and discuss the latest cybersecurity challenges and solutions, as well as learn how to grow their businesses and protect them from potential cyberattacks.
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