CAPE TOWN – African business owners who attended the World Economic Forum (WEF) on Africa in Cape Town have flagged cybersecurity as the biggest threat to business.
With the rise in adopting mobile and digital technologies, 94 percent of all companies in Africa and the Middle East admitted to have suffered a cyber attack in the past year.
The forum was confronted with answering the question of how the private and public sector could cooperate to improve cyber security.
Cyber-security, the protection of computer systems from the theft of or damage to their hardware, software, or electronic data is crucial to businesses globally.
According to The Global Risks Report 2019, cybersecurity has been listed as one of the top five short-term risks for the future.