Cybercrimes cost small and medium-sized businesses $120 million a year

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Small and Medium Enterprises (SMEs) worldwide have suffered losses of around US$120 million/year and US$2,5 billion for large companies due to cyber attacks, revealed the product coordinator at the Angola Cables, Chrysostom Mbundu.

According to the specialist, who was speaking in the context of the latest global update on computer crimes, he informed that these losses include the time the infrastructure is not providing services, the legal penalties for non-compliance with strict contractual terms, as well as the connotation negative image of the company.

In the opinion of Crisóstomo Mbundu, there is a sharp annual growth in cybercrime, which already reached values ​​above 170 percent at the height of the pandemic, based on 2020 figures.

"Therefore, it is imperative to protect the virtual space with the same intensity as the territory of a nation.”, He stressed.

BUT: Angola Cables launches service to protect the country against cyber attacks

On the Angolan market, the also IT engineer stresses that the sectors targeted by cyber attacks will focus on wholesale Internet operators, mobile operators, the Government and the financial system.

He also added that the increase in equipment, services, applications and people connected to the internet as a result of the digital economy, there is an increasing possibility of an increase in the surface of cyber attacks.

"Angola has the ability to interconnect internationally, which in itself is extremely positive, on the other hand we become visible to cyber attacks”, he maintained and where he advises that “pTo minimize the effects of cyber attacks, it recommends the use of the “AntiDDoS”, capable of monitoring, detecting and mitigating in real time any attack as close as possible to its source.

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