“Strategies for Nigeria and Others to Mitigate $4 Billion in Regional Cybercrime Losses” — The Guardian Nigeria News – Nigeria and World News

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Tackling Cybercrime in Africa: A Call for Collaboration and Preparedness

In an increasingly digital world, the threat of cybercrime looms large, particularly in Africa, where losses are estimated to exceed $4 billion annually. This staggering figure represents approximately 10% of the continent’s total Gross Domestic Product (GDP) and highlights the urgent need for governments and businesses to collaborate in combating this pervasive issue. Recent discussions at the GITEX Global Technology Expo in Dubai have underscored the importance of building resilient human and technological capabilities to address the rising tide of cyber threats.

The Global Challenge of Cybercrime

Orhan Osmani, the Head of the Cybersecurity Division at the International Telecommunications Union (ITU), emphasized that cyber threats are a global challenge that affects every region. He called for a concerted effort among countries to enhance cyber defense mechanisms. With global losses to cybercrime projected to reach a staggering $10.5 trillion annually by 2025, the urgency for action cannot be overstated.

The Africa Cyberthreat Assessment Report of 2021 indicated that the financial impact of cybercrime in Africa was already significant, and the situation has only worsened since then. Experts agree that collaboration among nations is essential to mitigate these threats effectively.

Engaging the Youth and Building Resilience

Dr. Ahmed Hafez, Vice President of Cyber Security Affairs at Egypt’s National Telecommunications Regulatory Authority (NTRA), highlighted the importance of engaging Africa’s youthful population. He argued that constructive engagement is crucial to preventing young people from becoming unwitting tools for cybercriminals. "Cybersecurity is about the people, not the technology," he stated, emphasizing that informed and engaged citizens are the first line of defense against cyber threats.

The Manufacturing Sector: A Target for Cyber Attacks

Prasanna Burri, Group Chief Information Officer at Dangote Industries, shared insights into the specific vulnerabilities faced by the manufacturing sector. He noted that phishing attacks are prevalent, with hackers often attempting to steal sensitive information. Burri warned that breaches are inevitable, stating, "There is always going to be a breach; it is just a matter of time." He urged businesses to prepare for such incidents by investing in disaster resilience and ensuring that their teams are well-trained to respond to cyber threats.

Government’s Role in Cybersecurity

While acknowledging the efforts of governments in addressing cybercrime, Burri called for increased resources, investments, and capacity building. He stressed the need for regulators to enforce cybersecurity standards, including International Organisation for Standardisation (ISO) certifications. This regulatory framework is vital for ensuring that businesses adhere to best practices in cybersecurity.

In Kaduna State, Nigeria, Shuaibu Bello, Senior Special Assistant to the Governor on Information and Communication Technology (ICT), highlighted the importance of public-private partnerships in enhancing cybersecurity. The state has established Command Control Centres to monitor and respond to threats proactively. Bello emphasized the need for digital literacy programs to raise awareness about the dangers of cybercrime, stating that awareness is the first line of defense.

The Call for Cyber Legislation

Dr. Mohamed Al-Kuwaiti, Head of Cybersecurity for the UAE Government, stressed the importance of a resilient cybersecurity strategy that includes both national and international collaboration. He called for stronger cyber leadership and legislation across Africa and the globe. Currently, 33 of Africa’s 54 countries have enacted some form of cybersecurity legislation, reflecting a growing recognition of the need to address cyber threats.

Conclusion: A Collective Responsibility

As Africa grapples with the challenges posed by cybercrime, the message from experts at the GITEX Global Technology Expo is clear: collaboration is essential. Governments, businesses, and individuals must work together to build a robust cybersecurity framework that protects against the ever-evolving threats posed by cybercriminals. By investing in awareness, resilience, and legislative measures, Africa can take significant strides toward safeguarding its digital future. The fight against cybercrime is not just a governmental responsibility; it is a collective endeavor that requires the commitment and cooperation of all stakeholders involved.

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