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Monday, July 14
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Why African Banks Need Military-Grade Cybersecurity Measures

By Updated: Banking No Comments8 Mins Read
interpol cybersecurity operation 2024
In Angola, INTERPOL busted an online casino scam that defrauded gamblers while targeting Brazilian and Nigerian users. This demonstrates that cybercrime transcends geographic boundaries. (Photo/INTERPOL)

An INTERPOL cybersecurity operation that has arrested 1,006 suspects and the busting of 134,089 cybercrime networks in Africa underscores the urgent need for banks to fortify their cybersecurity defenses. The probe identified 35,000 victims, with cases linked to nearly $193 million in financial losses. This exposure invites the question: Are banks in Africa prepared to

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James Wambua is a seasoned business news editor specializing in various industries including energy, economics, and agriculture. With a comprehensive understanding of these industries across Africa, he excels in delivering accurate and insightful news coverage that keeps readers informed about key developments and trends.

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