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Cyberattacks: African banks strongly affected

30/03/2023
Source : ORISHAS FINANCE
Categories: Sectors

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La cyberattaque ne cesse de s' augmenter dans les industries bancaires en Africa. It is sometimes an obstacle for banks and their financial “peace of mind.”

Bank IT security attacks are still shaking the industry. In recent months, the digitalization of banking activities has only exacerbated the phenomenon. For example, the Bank of Africa (BOA) in Mali suffered a leak of about 2.5 terabytes of personal data from customers, including the most prestigious from the State and the private sector, in February. Banco Sol in Angola is forced to temporarily suspend certain services in response to a cyberattack, while Nedbank in South Africa quickly notes that 41,000 customer data is in the hands of cybercriminals.

According to information, at least a dozen banks are affected by recent cyberattacks in the French-speaking world. The West African Banks Association (ABAO), an organization created in 1981 by the ECOWAS central banks under the auspices of the heads of state, brings the topic of banking cybersecurity to all [the] meetings. According to the president of the Association, Finance, the victim of 44% of cyberattacks perpetrated in 2022 A global scourge, cybercrime costs the global economy around 528 billion dollars and crises are often a factor in exacerbating it.

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