Destin Africa 28 Cyber Security
By john muraya
Cyber Security is no Longer an IT Problem But a Business Problem
T
he Chief Information Security Officer now has a seat at the decision makers table and the message to the rest of the board is that security is a shared responsibility. If policies and awareness measures are not spread across all departments, then there is little the IT team can do to ensure safety of the entire organization.
Gartner (2018) predicted that global spending for Information security would exceed 124 Billion dollars in 2019. Risk management and privacy issues within the Digital Transformation initiatives were cited among the reasons that will drive additional spending on security solutions through to 2020 in more than 40 percent of the organisations. Detection, response and privacy would be the main drivers for the need of cybersecurity solutions.
According to the National Kenya Computer Incident Response Team (2019), 11.2 Million Cyber threats were detected in the first quarter (Jan- March 2019), an increase of 10.1 percent compared to the previous quarter. Malware cases detected stood at 8.8 Million followed by Web application attacks at 1.2 Million. Botnet and DDoS attacks stood at 1.1 Million among others. For the above reasons, it is important to know that an ISP like MTN Internet comes ready with DDoS protection so that you can enjoy your peace of mind. In 2017, Kenya lost about Ksh. 21.1 Billion to cyber crime which was an increase from 15.1 Billion in 2015 according to a 2017 Kenya Cybersecurity report. This gives us a rough idea of how much a cyber security breach can cost a business.
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