African Telecom and Finance Sectors Hit Hardest by Cyberattacks

African Telecom and Finance Sectors Hit Hardest by Cyberattacks
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Africa faces a cybercrime surge, with telecom, finance, and government sectors hardest hit as attacks climb sharply across key markets.


Africa is witnessing a spike in cyberattacks, with Nigeria, Kenya, Angola, and South Africa among the most targeted, according to Check Point Research’s July 2025 Global Threat Report.

Nigeria: 6,101 weekly attacks per company in July (+67% YoY)
Kenya: 3,468 weekly attacks (−25% YoY)
Angola: 3,731 weekly attacks (−34% YoY)
South Africa: 2,113 weekly attacks (+14% YoY)

The hardest-hit sectors were telecom, government, and finance, followed by energy and utilities.

South Africa’s Comric Report estimates cybercrime costs the country 2.2 billion rand ($123M) annually, with government systems facing over 3,300 weekly attacks. Phishing and synthetic identity fraud also surged, costing 200M rand in 2025.

Meanwhile, IBM’s 2025 study found South African firms lost an average of 44.2M rand per breach, with finance suffering the steepest costs.

Experts warn Africa’s digital transformation outpaces cyber defense, urging AI-driven, prevention-focused strategies.


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