Cyberattacks on businesses around the world are on the rise, and Africa is not spared. Kenyan based IT and business advisory firm, Serianu, estimates that Nigeria lost about $649 million to cybercrimes in 2017 due to a lack of proper cybersecurity and fraud prevention ethics. This same poor cybersecurity and fraud prevention ethics also made Kenya lose about $210 million that same year. This shows how seriously Africa needs to take cybersecurity and fraud prevention. Cybersecurity and fraud prevention functions need to start working more closely together to share and leverage cross-functional knowledge that can help improve security. Africa currently hosts some of the fastest growing economies in the world and the entire continent is set for a huge economic transformation and a proper cybersecurity and fraud prevention structure need to be put in place so as to prevent cyberattacks on our emerging businesses.
Fraud prevention is becoming an issue that the regulators and top executives who are in saddle when fraudulent activities takes place or more succinctly when someone commit an act of fraud in the financial institutions under their management. The digital economy is developing at lightning speed, and with it a new challenge has appeared, along with the economic and strategic stakes that go with it: this new danger is cybercrime. Given the role of ICT in Africa’s rapid economic growth, cybersecurity breaches and attacks have the potential to slow down economic development and growth. It is urgent and important to drive spirited conversation on Africa’s Industrial Control Systems security. African Cybersecurity and Fraud Prevention Forum 2020, an African forum on cybercrime, is here to help tackle this menace.
Cybercriminals have long considered Africa as an ideal hub to commit their criminal acts. Statistics from various sources indicate that Africa is very prone to cyber-related threats due to the high number of domains coupled with very weak network and information security. As such, African Cybersecurity and Fraud Prevention Forum 2020 will address the growing pressure and concern in the industry as cyber-attacks become more common and the amount of data stored online increases, not only in volume but also in sensitivity. Most industries are naturally growing concerned at the exponential growth of cybercrime. This dedicated track aims to identify the challenges involved with keeping businesses and data secure from threats.
Businesses and consumers in African economies are facing increasing cyber-threats. The good news, however, is that Cybersecurity and Fraud Prevention legislation and enforcement measures in the continent are gradually improving. A variety of private sector initiatives have stepped up to strengthen the continent’s cybersecurity landscape and African Cybersecurity and Fraud Prevention Forum 2020 is one of these initiatives.
African Cybersecurity and Fraud Prevention conference will focus on overcoming the Cyber threats facing Governments, Banking Industries, Financial Institutions, Health Sectors, Manufacturing Industries etc. By bringing together representatives from all facets of Public Sector, this forum will create an opportunity for idea sharing, collaborative strategy development and the continued creation of a Community of Interest that will ultimately benefit the People of Africa.
Today’s IT security and cybersecurity leaders need knowledge, insights and inspiration to conquer information security challenges and enable intelligent security decision-making. ACFPF 2020 will assist you in developing your leadership capabilities and supply you with the information you need to enable digital business in a world of escalating risk.
See key industry experts take to the stage as they host specialist sessions and panel discussions around the African cybersecurity industry.
African Cybersecurity and Fraud Prevention Forum 2020 will focus on overcoming the Cyber threats facing Governments, Banking Industries, Financial Institutions, Health Sectors, Manufacturing Industries, School Districts, and Higher Education etc. By bringing together representatives from all facets of Public Sector, this forum will create an opportunity for idea sharing, collaborative strategy development and the continued creation of a Community of Interest that will ultimately benefit the People of Africa.
ACFPF 2020 will address the growing pressure and concern in the industry as cyber-attacks become more common and the amount of data stored online increases, not only in volume but also in sensitivity. Most industries are naturally growing concerned at the exponential growth of cybercrime. This dedicated track aims to identify the challenges involved with keeping businesses and data secure from threats. The forum will be chaired by Samuel Mbonu, Manager, CyberSecurity and Governance- Security Operations Center, FirstBank Nigeria. Samuel has vast years of in-depth experience in Cybersecurity, Digital Transformation and Disruption, Mainstream IT, IT Auditing, Governance, & Risk management across all sectors.
Bharat Soni | Chief Information Security Officer, GT Bank Plc
Comprehending the Interconnectivity of Cybersecurity and Fraud Prevention
GT Bank Plc
John Aligbe | Head, E-Crime and Card Investigations, Stanbic IBTC
Aligning Security and Fraud Management Strategies
Olaniyi Olalemi | Group Head (Chief Audit Executive) Internal Audit, Unity Bank Plc
Fortifying your Business With Effective Cybersecurity Controls
Unity Bank Plc
Oluyinka Afolayan | Head Treasury Operations, Wema Bank
Security Quotient: Making your Workforce Cybersecurity Competent
Otis Yeboah | Snr. Financial Crime Analyst, Financial Crime Management, Fidelity Bank Ghana Ltd.
Role of Predictive Technology in Combatting Bank Frauds: Perspectives and Prospects
Fidelity Bank Ghana Ltd.
Dennis Ezaga | Head, SME - Business Banking Digital Innovation, First City Monument Bank Limited
Maximizing Emerging Security Technologies of Hardware Authentication
First City Monument Bank Limited
Calleb Osei | Chief Finance Officer, Guaranty Trust Bank, Ghana
Pursuing Cybersecurity Maturity for Financial Institutions Safety
Guaranty Trust Bank, Ghana
Bamidele (Olalekan) Oseni | Group Chief Risk Officer, I & M Bank Ltd, Nairobi, Kenya
Cyber Risk Management in Banking and Role of C-3 Executives
I & M Bank Ltd, Nairobi, Kenya
Victor Akidiva | Head, ICT Security Operations, Co-operative Bank of Kenya
Cybersecurity and Digital Transformation Integration – A Journey towards Business Resilience
Co-operative Bank of Kenya
Samuel Mbonu | Manager, CyberSecurity and Governance - Security Operations Center, FirstBank Nigeria
Fraud Detection in the Banking System in Africa: Challenges and Prospects
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