Africa has become a prime target for cybercriminals. Check Point recently reported that in the second quarter of 2024, Africa saw the highest average number of cyberattacks per organisation, with an average of 2 960 attacks per week. This represents a 37% increase compared to the same period in 2023. In contrast, the global average stood at 1 636 attacks per organisation per week, reflecting a 30% increase from the previous year.
The research also showed that Kenya, Nigeria and South Africa are among the top African countries facing significant cyberthreats, with South Africa experiencing an average of 1 450 weekly attacks per organisation, marking a 4% year on year increase.
The continent is lagging in terms of visibility in cybersecurity. Many organisations struggle to know where their assets are, who has access to them and how they are secured. Governments and healthcare sectors are particularly vulnerable due to fragmented IT infrastructures and the adoption of multiple cloud services without adequate security controls in place.
Cybercriminals exploit these weaknesses, seeking valuable data such as personal identifiable information and exploiting them through ransomware attacks. The impact of these attacks is profound, affecting GDP and economic stability. The cost of cybercrime to the South African economy is estimated at R2.2 billion annually, according to the CSIR.
This financial burden represents a significant portion of the country’s GDP, highlighting the severe economic impact. Despite this, only 0.1% of the national budget is allocated to cybersecurity prevention efforts. The loss of US$9.8-trillion globally to cybercrime underscores the need for robust cybersecurity measures. Cybersecurity must be built into every business process, especially when dealing with customer data.
Increase in attacks
Statistics from Check Point’s recent research reveal a significant increase in attacks on the African market, with a notable rise in sophisticated threat actor initiatives bypassing modern security controls. An alarming example is the resurgence of Internet Explorer exploits, highlighting the need for constant vigilance in identifying and addressing overlooked software vulnerabilities.
To combat these threats, organisations must prioritise cybersecurity in their budgets and ensure compliance with regulations like the Protection of Personal Information Act (Popia) and the General Data Protection Regulation (GDPR). Regular cybersecurity assessments, including free posture checkups offered by cybersecurity firms, can help identify vulnerabilities and improve security postures.
Key cybersecurity focus areas for African businesses
- Visibility: Improve asset tracking and control, especially in cloud environments
- Preparedness: Adopt comprehensive cybersecurity frameworks and regular assessments
- Regulations: Ensure compliance with local and international data protection laws to mitigate risks
Africa’s cybersecurity challenges are significant but not insurmountable. By prioritising visibility, preparedness and compliance, organisations can strengthen their defences against relentless cyberthreats. A proactive approach to cybersecurity is essential to protect valuable assets and maintain economic stability.
About Check Point Software Technologies
Check Point Software Technologies is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services. Follow Check Point on LinkedIn, X, YouTube or Facebook, or read the company’s blog.
- The author, Lionel Dartnall, is sales engineering manager for the SADC region at Check Point Software Technologies
- Read more articles by Check Point Software Technologies on TechCentral
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