Garith Peck Archives | Tech | Business | Economy https://techeconomy.ng/tag/garith-peck/ Tech | Business | Economy Thu, 16 Jan 2025 11:27:59 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Garith Peck Archives | Tech | Business | Economy https://techeconomy.ng/tag/garith-peck/ 32 32 Cybersecurity Trends and Adoption in Africa: A Comprehensive Overview for 2025 https://techeconomy.ng/cybersecurity-trends-and-adoption-in-africa-in-2025/ https://techeconomy.ng/cybersecurity-trends-and-adoption-in-africa-in-2025/#comments Thu, 16 Jan 2025 11:27:59 +0000 https://techeconomy.ng/?p=151304 As digital transformation accelerates across Africa and South Africa, cybersecurity has become a critical concern for governments, businesses, and individuals. The growing adoption of new technologies and the evolving sophistication of cyber threats necessitate proactive and future-proof security measures. Below, we explore key cybersecurity trends for 2025, highlighting their impact on businesses in Africa, along […]

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Garith Peck, managing executive: Cloud & Cybersecurity at BCX
Author: Garith Peck, managing executive: Cloud & Cybersecurity at BCX

As digital transformation accelerates across Africa and South Africa, cybersecurity has become a critical concern for governments, businesses, and individuals.

The growing adoption of new technologies and the evolving sophistication of cyber threats necessitate proactive and future-proof security measures.

Below, we explore key cybersecurity trends for 2025, highlighting their impact on businesses in Africa, along with notable examples of cybersecurity adoption and the challenges faced by businesses in the continent, including how these trends affect specific sectors.

1. Rise of ransomware and digital extortion

Ransomware attacks are on the rise across Africa, with cybercriminals increasingly targeting businesses, government institutions, and critical infrastructure.

These attacks often demand large ransoms to restore access to critical data, and in some cases, attackers may also steal data and threaten to leak it.

Sectors such as healthcare, finance, utilities, and manufacturing are high-value targets for these types of attacks.

Safaricom in Kenya, one of the largest telecom operators, has implemented advanced AI-driven cybersecurity measures to protect its mobile money platform, M-Pesa, which serves millions of users.

These measures help safeguard financial transactions from ransomware and other cyber threats. Similarly, in South Africa, Eskom, the country’s largest energy supplier, has invested in robust cybersecurity strategies to protect its critical infrastructure from ransomware attacks and other forms of cyber extortion.

As these threats evolve, businesses must invest in resilient cybersecurity infrastructure, disaster recovery plans, and rapid incident response strategies to mitigate the impact of these increasingly sophisticated attacks.

2. AI-driven cybersecurity

Artificial intelligence (AI) will play a critical role in shaping cybersecurity for 2025. While AI enhances threat detection, vulnerability identification, and automated responses, it also presents a challenge as cybercriminals use the same technologies to create more sophisticated attacks.

AI-driven phishing, deepfake fraud, and social engineering tactics are expected to become increasingly difficult to detect, leading to more significant data breaches and fraud incidents.

In South Africa, organisations such as Standard Bank are already leveraging AI-powered threat detection systems to safeguard their digital banking services. These systems are designed to detect abnormal behaviour and prevent attacks before they can cause harm.

In Africa, the rise of AI-driven attacks, including deepfakes and automated phishing, will require businesses to adopt AI-powered security tools to stay ahead of the evolving threat landscape.

In the public sector, AI is used to enhance threat detection and response capabilities. For example, South Africa’s government is investing in AI systems to improve the resilience of public services against cyber threats. As digital transformation continues, these systems are crucial for detecting and mitigating attacks swiftly.

Similarly, AI will help optimise infrastructure development and urban planning in Africa, making it imperative for governments to prioritise AI-driven cybersecurity tools to protect sensitive data.

3. Zero Trust security models: trust no one, verify everything

With the rise of remote and hybrid work environments across Africa, the Zero Trust security model, where access requests are continuously verified, will gain more prominence in 2025. Zero Trust ensures that no user or device is trusted by default, and each access request is verified based on user identity, device health, and access permissions.

For example, the South African Revenue Service (SARS) has adopted a Zero Trust architecture to protect sensitive taxpayer information.

This approach ensures that every request to access or process data is verified, reducing the risk of internal and external breaches. Similarly, as businesses face increasing cybersecurity challenges, adopting Zero Trust will become essential to securing their networks and data.

In the retail sector, AI-driven Zero Trust security models will be essential in protecting sensitive customer information from cybercriminals.

As e-commerce platforms continue to grow, companies will need to ensure that each user, transaction, and device is thoroughly verified to safeguard data.

In financial services, Zero Trust will become critical for preventing fraud, ensuring that only trusted devices and users are allowed access to financial services and sensitive customer data.

4. Quantum-resistant cryptography

As quantum computing evolves, it presents a potential risk to traditional encryption methods. Many businesses, particularly those in sectors like finance and healthcare, rely on cryptography to protect sensitive personal and financial data.

The development of quantum-resistant encryption methods will become increasingly important as businesses look to future-proof their security strategies.

Forward-thinking organisations will need to begin preparing for the transition to quantum-safe algorithms to safeguard their data long after quantum computing becomes mainstream.

This is a critical step for industries handling highly sensitive information, such as banking, telecommunications, and healthcare.

The healthcare industry will be particularly affected by this trend. AI in diagnostics and patient care relies heavily on the security of sensitive health data.

Implementing quantum-resistant encryption will protect patient records and ensure that data remains secure even as quantum computing evolves. Similarly, manufacturing sectors focusing on industrial IoT and AI-driven supply chains will need to adopt quantum-resistant encryption to secure their operations.

5. Business Email Compromise (BEC) and phishing scams

Business Email Compromise (BEC) and phishing attacks remain significant threats. Cybercriminals use sophisticated tactics to impersonate trusted individuals, tricking employees into transferring funds or revealing sensitive information.

These scams are particularly prevalent in large organisations and government sectors, where communication and trust are pivotal.

In South Africa, a leading bank has implemented AI-driven cybersecurity measures to counter such attacks, ensuring that their financial transactions and sensitive customer data remain protected.

Across Africa, social media platforms are also becoming a popular vector for phishing campaigns, with cybercriminals using these platforms to distribute malicious links and steal personal information.

Businesses must continue to enhance their security posture to prevent these attacks and educate employees on how to recognise and avoid phishing scams.

In the financial services industry, BEC and phishing scams are a major concern, with cybercriminals attempting to steal sensitive customer data or manipulate employees into transferring funds.

The implementation of AI-driven fraud detection systems can help financial institutions protect their customers and prevent financial losses.

In retail, AI analytics will also be crucial for identifying fraudulent activities before they lead to significant financial damage.

6. Third-party risk management

The interconnectedness of today’s business ecosystem means that third-party vendors pose a significant risk to cybersecurity. Cybercriminals increasingly target the supply chain, and a breach in a third-party system can have devastating consequences for an organisation.

In 2025, businesses must focus on third-party risk management, ensuring that their vendors and partners meet stringent cybersecurity standards.

Kenya’s Safaricom and South Africa’s Standard Bank provide excellent examples of organisations that have prioritised third-party risk management.

Both companies work. For the mining sector, third-party risk management is crucial to prevent disruptions in operations, especially as mining companies adopt AI-driven remote monitoring and predictive maintenance systems.

Ensuring that third-party providers also meet stringent security standards will help avoid supply chain disruptions. In manufacturing, third-party risk management becomes essential for securing smart factory systems, especially as AI and IoT technologies become more integrated into production processes.

7. Human-Centric Security

Despite the growing sophistication of cybersecurity technologies, human error remains one of the biggest vulnerabilities in any security system.

As cyber threats become more advanced, organisations will focus more on human-centric security, emphasising employee training and awareness to mitigate risks such as phishing and weak password practices.

The shortage of skilled cybersecurity professionals in South Africa and other parts of Africa further exacerbates the challenge of securing organisations against human error.

To address this, companies must invest in continuous employee training, providing resources to help workers identify and avoid common social engineering tactics.

By fostering a culture of security, where every employee plays a role in protecting the organisation’s assets, businesses can significantly reduce their exposure to cybersecurity risks.

In the public sector, human-centric security will be critical to ensuring that government employees and contractors are well-trained to recognise and prevent phishing attacks, especially as AI-driven systems become more prevalent in public service delivery. Similarly, the healthcare sector will need to focus on training staff to securely handle patient data and protect against social engineering attacks, ensuring the privacy of health records remains intact.

8. Challenges in implementing cybersecurity measures

a. Limited resources: Many organisations across Africa face financial constraints, making it difficult for them to invest in advanced cybersecurity tools and hire qualified professionals. Smaller businesses, in particular, struggle to implement comprehensive security measures due to budget limitations.

b. Evolving threat landscape: Cybercriminals are continuously adapting their tactics, necessitating ongoing investment in updated security technologies and employee training. This rapid evolution of threats presents a significant challenge for businesses looking to stay one step ahead.

c. Regulatory compliance: As regulatory frameworks like the Protection of Personal Information Act (POPIA) in South Africa become more stringent, organisations must ensure compliance with evolving data protection laws. Navigating these complex requirements can be both resource-intensive and costly.

d. Skills gap: The shortage of qualified cybersecurity professionals remains one of the most significant barriers to effective cybersecurity implementation. Without enough skilled experts, organisations are vulnerable to cyberattacks.

Cybersecurity is an urgent concern for organisations across Africa as they face a rapidly evolving threat landscape.

From the rise of ransomware and digital extortion to the adoption of AI-driven security tools and Zero Trust models, businesses must remain proactive in securing their digital infrastructure. The integration of quantum-resistant cryptography and a focus on third-party risk management will also play a critical role in safeguarding data.

Despite the challenges—such as limited resources, a skills gap, and regulatory complexity—organisations can enhance their cybersecurity posture by leveraging advanced technologies, fostering a security-focused culture, and collaborating with trusted cybersecurity partners. By staying ahead of these emerging trends, businesses across Africa and South Africa can ensure they are not only secure but also resilient in the face of evolving cyber threats.

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5 Cybersecurity trends we’ll see in 2022 https://techeconomy.ng/5-cybersecurity-trends-well-see-in-2022/ https://techeconomy.ng/5-cybersecurity-trends-well-see-in-2022/#respond Mon, 31 Jan 2022 13:15:32 +0000 https://techeconomy.ng/?p=67105 By Garith Peck, Executive Head of Cloud Security at Vodacom Business

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“Unprecedented” is a word that defined 2020 and 2021. Once the pandemic hit, we saw a record number of businesses implement work-from-home systems to ensure business continuity, remotely and online.

With this rise in digital transformation, we’ve witnessed a blurring of the traditional online perimeters needing to be secured. As CrowdStrike notes, today, a company’s network can be on-site, in the cloud, or a hybrid of both, with resources and staff spread across locations. This presents a cybersecurity challenge, giving way to a dramatic increase in exploits.

Suddenly, “once-in-a-decade” breaches of the past are now happening monthly, with a laundry list of companies falling victim.

This proliferation of cyber-attacks has catapulted the zero-trust security framework into the limelight. Zero trust is no longer a security aspiration: today, it’s a security mandate, in which all users are vetted each time they request access to a company’s online assets.

As Netskope notes, zero-trust models “support the implementation of ‘least privilege access’, which is designed to selectively grant access to only the resources that users require, nothing more”.

It’s a critical part of privileged access management (PAM), as gaining entry at a privileged level is every hacker’s ultimate goal. In 2022, the number of successful attacks will rise, making a zero-trust PAM framework crucial. This cybersecurity trend will be prominent in 2022, alongside five other trends

Trend 1: More pervasive triple-threat ransomware

2021 saw record-breaking amounts for ransomware pay-outs. For example, a US insurance company paid a $40 million ransom in March – $10 million more than the largest attempted demand in 2020, says ZDNet. It’s not only the dizzying amounts that are worrying.

Ransomware is evolving, so organisations should expect more personalised or targeted attacks that, increasingly, involve different assets, like Internet of Things devices. The latest evolution, as Check Point Research explains, is the ‘Triple Extortion’ ransomware attack.

Building upon the previous ‘Double Extortion’ tactic of stealing sensitive data from an organisation and demanding payment to prevent it from being released publicly, criminals are simultaneously targeting the organisation’s clients and/or business partners, squeezing them for an additional ransom.

Trend 2: Higher cybersecurity standards for insured businesses

Cybersecurity insurance has become increasingly accepted as a part of enterprise risk management. In South Africa, dozens of well-known providers, from Chubb to King Price, offer it. However, many insurers’ models have been jeopardised by extortionate ransomware demands and the far-reaching financial fallout of recent security breaches.

Subsequently, many have hiked their rates, with some exiting the cybersecurity market altogether – both will lead to a tsunami of insurance cancellations in 2022, with businesses scrambling to find new coverage, albeit at higher rates.

To ensure continued coverage with providers offering the best rates, businesses will need to demonstrate that they meet the strict security measures that insurers are now demanding.

Trend 3: Strengthening of cybersecurity culture across businesses

More companies are seeing the value in creating a solid cybersecurity culture, which is heartening, as this wasn’t always a focus.

Historically, enterprises were spending millions on security solutions that protected their hardware and software, while neglecting the simple act of educating employees around security.

Most breaches boil down to human error – 95% of them said a 2014 IBM study, while a 2020 Verizon report found 85% of breaches included a ‘human element’.

Human errors cover behaviours that can inadvertently (sometimes deliberately if it’s an insider threat), leave the door open to malicious external hackers. The IBM report highlighted a few examples, including staff losing company devices or using weak passwords, with the most prevalent error being “double clicking on an infected attachment or unsafe URL”.

To create a cybersecurity culture, companies must create a “living” set of security standards that can be updated and shared regularly. Adoption of this culture has been slow as it’s hard to measure and therefore difficult to justify the expense.

However, teaching staff to recognise threats, curbing poor security behaviour, and following basic security habits can turn into an investment, as you’ll see a marked drop in attacks.

Trend 4: Small and big businesses equally targeted

Many small- and medium-sized businesses (SMBs) struggle with what to prioritise: their need for cybersecurity versus their reliance on cutting-edge tech that enables innovation and affordably opens doors to geographically diverse markets.

The problem is that SMBs face the exact same threat landscape that big businesses face, though often with less resources. Even though SMBs may appear a less lucrative target than larger corporations, they’re still at the mercy of cybercrime – in fact, Verizon’s 2020 report found that 43% of cyber-attacks are targeted at small businesses.

Another international survey notes that 60% of SMBs will close their doors within six months of a breach, unable to deal with the crippling financial fallout from such an attack. It’s essential for SMBs to reprioritise budget spend on tightening security measures and focus on staff security awareness.

Trend 5: Growing cybersecurity skills gap

Cybersecurity jobs are in high demand with competitive salaries, plus, as the World Economic Forum (WEF) mentions, “cybersecurity professionals protect the digital world from cybercrime much the same way that police officers protect neighbourhoods.”

These are jobs with purpose that can be truly rewarding. The latest figure around the skills gap is a massive 3.12 million. This is the number of jobs available to cybersecurity professionals! Without an urgent drive to increase existing staff reskilling and include cybersecurity curricula within schools and universities, this gap will widen, leaving businesses at risk.

The WEF offers free cybersecurity training online to upskill people for 10 crucial roles: network security engineer, threat intelligence analyst, security operations engineer, application security engineer, cybersecurity architect, cybersecurity risk manager, cloud security engineer, security awareness specialist, technical project manager, and cybersecurity compliance analyst. These are the cybersecurity jobs in demand.

What’s the red thread that connects these five trends? The fact that no one is immune to cybercrime. Private individuals and businesses, and government agencies must prioritise cybersecurity education and invest in layered cybersecurity solutions from trusted providers, like Vodacom Business, to ensure they stay safe online.

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