Invest in systems to curb cybercrime

Cyber security experts have highlighted the need for insurance and banking services sector in countries to enhance the pace of deployment of secure information , communication and technology (ICT) practices in their organizations .
According to ICT security companies , the recent spike in cases of cyber attacks and breaches in the financial services sector is attributable to the slow pace of implementation of ICT security protocols .
we have seen businesses move from using single static device environments and onto multilayered devices and even cloud technology platforms . This means that we should be pushing for a synchronized security environment where aspects of security are shared at all level of business .
Over 30,000 unique cyber attacks and attempts are recorded in the financial services space in Africa annually .
Despite the high levels of risks , many institutions do not fully understand the security challenges that come with the constantly upgraded and integrated technologies such as mobile and remote service delivery models.
According to security experts , as companies invest in and integrate more ICT systems onto their processes there is an inadvertent increase in their risk profiles . These should be tested and tested regularly to wipe out loopholes.
" even with the highest level of security investment, the human element remains the weakest link within an organisation especially where the Bring Your Own Device (BYOD) cultures sustains "
Mobile malmare is among the biggest emerging threat in cybersecurity today while a weak user proficiency policy among staff on ICT security matters is a major threat to any ICT security efforts .
Currently over a billion people access the internet through mobile devices , many of who use the same single device for personal , business and official work purposes.
Education and awareness on cybersecurity risks is the only way towards ICT security maturity among staff and if the industry is to turn the tide in the fight against Cybercrime.