Africa-Press – Angola. Angolan public and private institutions detect a total of 4,000 attempted cyberattacks per day, which requires constant vigilance and prevention of computer system attacks, Manuel Lopes, CEO of the technology company Novo Cognito has said.
Lopes emphasized that a successful attack could result in losses exceeding 6.6 million U.S. dollars for companies. He added that this loss could be avoided if institutions increased their investments in prevention processes to at least 20% of their revenues.
Lopes made these comments at the end of the seminar “Data Security in the Financial Sector,” held Thursday in Luanda. He also advocated for greater investment in technology and human capital within companies to prevent systemic risk.
He noted that the number of cyberattacks on financial institutions in sub-Saharan Africa exceeded 3,200 in the first quarter of this year.
“This figure clearly demonstrates the risks and exposures to which all institutions, particularly banks, are exposed. This requires the creation of a strategy to define a path forward and protect assets,” he stated.
He added that the expansion of artificial intelligence (AI) is another concern, as it accounts for one in six hacking attempts on financial institutions.
According to Natália de Jesus, the executive director of the Angolan Debt and Securities Exchange (BODIVA), the exchange records more than 500 cyberattack attempts per month.
De Jesus added that BODIVA is aware of the risks and constantly monitors the system by investing in technology and human resources.
“BODIVA has several banking and non-banking partner institutions, so we must strengthen our IT system to protect all stakeholders’ data,” she said.
For More News And Analysis About Angola Follow Africa-Press
