Cyber attacks in Africa grow faster than global rate, report finds

Financial services and public institutions among key targets Technology companies, public-sector institutions and financial services organisations accounted for 44% of observed cyber threat activity across Africa, the report says.

For African countries expanding digital payments, online public services and technology-driven businesses, the task is to ensure that security measures keep pace with the growth of the digital economy.

The report warns that cybercrime can undermine public confidence in digital services, increase operating costs and slow innovation.