Rising Cyber Risks Threaten Africa’s BFSI Sector
Interpol's 2024 African Cyberthreat Assessment reports a 23% increase in weekly cyberattacks on African businesses in 2023. The IBM 2024 Cost of Data Breach report indicates the average cost of a breach in South Africa has risen to R53.1 million.
Angela Kyerematen-Jimoh Launches New Company Called Brainwave Africa Tech
Angela Kyerematen-Jimoh becomes the first African woman to serve as executive director for IBM North, East, and West Africa. She transitioned from corporate banking at GT Bank Ghana to a marketing role at IBM, leading marketing for West Africa.
IBM to cease direct operations in Nigeria and across 35 African countries, transfers business to MIBB
IBM plans to discontinue operations in 36 African countries, including Nigeria and Ghana. MIBB will take over IBM's regional functions, including marketing and selling its software and services.
Senator Ihenyen Criticizes Nigerian Blockchain Scene for Lack of Innovation Amidst Hype
Senator Ihenyen highlighted the focus on hype rather than originality in Nigeria's blockchain and crypto space. Blockchain can be used to verify the authenticity of medicines in the pharmaceutical sector.
Blockchain in Nigeria: "The focus is on hype; there's no originality" — Senator Ihenyen
Nigeria's blockchain and crypto space is focused on hype without originality. Blockchain can solve real-world problems in logistics and finance.
