Anyone who uses the internet needs to be aware of the importance of cyber security. While some rural areas still lack internet connectivity, the number of people who have it is rising daily. The world is changing quickly, and everything is moving quickly online. Even the physical market is being gradually supplanted by online marketplaces, as documents that were once kept in file cabinets are now saved on Google Drive, mail that was once delivered by the postman is now just a simple message on WhatsApp, and so on. Because of its sustainable solutions, technology is resolving an increasing number of human issues. While technology does help with some issues, it also comes with its own set of disadvantages. Before when information was kept in filing cabinets, it was exceedingly difficult to leak or steal it; however, hackers can take data with the press of a button. Cybercriminals are becoming a threat not just to Africa but to the entire world.
Hackers have recently stolen billions of dollars, and as a result, numerous businesses are stepping up their efforts to keep us safe when using the internet.
In order to stop the actions of a notorious hacker, the security team at Huobi, a cryptocurrency exchange, collaborated with the security team at cryptocurrency behemoth Binance in January of this year. Huobi had a security breach, according to Binance CEO Changpeng Zhao's Twitter post. According to him, the hacker had attempted to hack Binance in the past, but his accounts had been frozen. This time, the viper was defeated by the security team at Binance working with Huobi, and 124 bitcoins were successfully recovered. The Harmony One hacker, according to the crypto billionaire, was responsible for this attack.
Such triumphs, despite their success, are uncommon. Some well-known people's Twitter accounts were hacked in 2020 with false get rich quick Bitcoin tweets. Former President Barack Obama and Tesla CEO Elon Musk were among the victims. In order to double their followers' money, hackers sent out phony tweets from these accounts, claiming things such as "I am giving back to my community due to COVID-19!" and urging people to transfer Bitcoin to an anonymous website. Elliptic reports that the scammers made over $121,000 from over 400 Bitcoin payments. Occurrences like these show just how unsafe it can be if cyber criminals rule the day. As the rate of such scams is greatly increasing, it is important for us to understand why cyber security is crucial in Africa.
4 Reasons Why Cyber Security Is Crucial In Africa
• Since important data leaks can be utilized by terrorists or foreign governments to wreak havoc, cybercrime poses a threat to national security.
• Because of how dependent we are becoming on the internet, cyber security precautions must be taken to protect our data.
• Cybercrime has an economic impact on Africa. As was evident during the FTX attack, many cryptocurrency enthusiasts worldwide lost a significant amount of money.
• Because cybercrime is becoming more popular among younger generations and the rate of hacks on the continent is higher than the rate globally, Africa has been dubbed the most cyber attacked continent .
In other words, cybercrime is a field that focuses on protecting all important online data. It is crucial because if we don't take action, all we've ever achieved could vanish in an instant. I can only speak from my own experience.