In Africa, cyber-crimes such as identity theft has increased by over 35% between 2016 and 2018 leading to over $100 billion in losses.
The report found more than 90% of African businesses were operating below the cyber security “poverty line”—meaning they couldn’t adequately protect themselves against losses.
Cyber crime costs Africa’s economies billions of dollars
Now more than ever, it is important as individuals and business owners to beef up security and protect our assets from identity thieves.
Here are helpful tips to ensure you don’t fall victim:
Use Strong Passwords: When setting up your passwords for platforms that contain sensitive information like your email or your mobile banking app, it is important that you use strong passwords. A strong password should be over 8 characters, inclusive of lower and upper case letters, a number and a symbol.
Check Your Account Balance and Statement Regularly: It takes most people about 3 months to figure out that they are victims of identity theft but it would probably take a lot less if they looked through their account for any irregularities often. Go through your statements and balances just to be safe.
Be Careful About Using Unsecured Wifi: While a lot of people get really excited about free Wifi, they forget that when a Wifi connection is unsecured, hackers can eavesdrop on your connection to find and gather all kinds of information including your passwords and PINs.
Only Use Reputable Websites When Making Purchases: There is no such thing as being too careful. Are you buying a new pair of shoes, paying for your bills or trying to book a flight? Don’t just put your sensitive information on any website. Research the website, check reviews and be sure it is not a front for identity theft.
Stay safe!
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