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Growing imperative for cybersecurity transparency in African enterprises

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Admin I Monday, April 15, 2024

 

JOHANNESBURG, South Africa – As African governments and enterprises build momentum around digital transformation, they face mounting pressure not only to fortify their cybersecurity measures, but also to embrace transparency in disclosing cyberattacks.

Bryan Hamman, regional director for Africa at NETSCOUT, explains: “Organisations across the continent saw a spate of cyberattacks across many countries in 2023 and this has continued into 2024, with ongoing attacks taking place on a daily basis.”

And as the local threat landscape regulations surrounding cybersecurity disclosure tighten, companies across Africa are realising the critical importance of safeguarding their digital assets while also adhering to compliance requirements, he says.

“The repercussions of cybersecurity attacks, which can include both monetary fines and potential imprisonment in some countries like Ghana, Mauritius and South Africa, underscore the urgent need for African enterprises to prioritise robust protection measures and proactive disclosure strategies.”

Recent incidents within the region serve as stark reminders of the consequences of inadequate cybersecurity measures and non-compliance with regulatory frameworks, as illustrated below:

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“Changing regulations pose new challenges for enterprises, emphasising the need for a holistic approach towards cybersecurity and a robust solution that encompasses both protective measures and transparent disclosure practices,” Hamman adds. “This must include real-time threat detection, behavioural analytics, incident reporting and historical investigation, as well as compliance monitoring and reporting.”

Unveiling a suspected breach

An example of how best to handle a suspected breach in an enterprise network should include the following steps:

“This type of depth of analysis could assist African organisations in swift incident response, forensic investigations, and, importantly, help with proactive security measures to prevent future breaches.

“By prioritising cybersecurity resilience and embracing transparent disclosure practices, local businesses can not only mitigate the impact of cyberattacks but also safeguard their reputation and uphold the trust of their stakeholders in an increasingly digital world,” Hamman concludes.

 


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