Liquid Telecom has released new research identifying the latest cybersecurity and data protection concerns and challenges facing African businesses.
African businesses find themselves at a crossroads, where they must balance digital transformation with a greater focus on security policies and how to better protect customer data. Liquid Telecom’s Cybersecurity & Data Protection Report offers guidance to African businesses as they look to address these key issues, while exposing the threat of damaging and increasingly sophisticated cybercrime.
The report includes unique data compiled by Liquid Telecom from a survey amongst 269 members of the business community.
The results showed that two-thirds of organisations have experienced multiple security breaches within the last 12 months, while over 40% of respondents believe African businesses could be doing more to protect themselves from data breaches. A quarter of respondents believe the region is falling significantly behind global standards.
The report also identified that the region could be facing a skills crisis. Over 60% of respondents believe more training and qualified cybersecurity professionals are required, while over a quarter of respondents are concerned by the lack of qualified cybersecurity professionals in the region.
Data protection legislation is a grey area for many businesses in the region. Over 40% of respondents believe African governments should be introducing tougher legislation to support businesses in their fight against cybercrime, or that almost 40% aren’t even familiar enough with existing legislation to fully answer the question.
Full analysis of these issues and much more is provided in the report, which is available for download.