Friday, March 31, 2023

Botswana faces cybercrimes threat as digitalisation increases

The widespread digitalisation of all business sectors has accelerated the rapid evolution of Botswana’s cyber security environment. The country’s rapid technological evolution and its weak cyber defenses has made it an appealing destination for cybercriminals. As a result, Botswana is now facing the prospect of making significant investments in digital security, due to the growing danger of cyber-attacks.

Cybercriminals are estimated to cost Africa billions of dollars each year. In addition to financial losses, cybercrime causes company data loss, limited service availability, and the theft of intellectual property and private information. While the United Nations Conference on Trade and Development notes that Botswana is one of the 39 African countries with cyber security legislation, more work remains to be done.

Recently, the World Economic Forum (WEF) through its Global Risks Report 2023 which was produced to highlight technological, economic and geopolitical risks at the national and global levels named the top five threats that Botswana should be on the lookout for in 2023. Apart from the rising cost-of-living crises and debt crisis, the Insight report states that Botswana is at risk of failure of cyber-security measures.

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