The Africa cybersecurity market is estimated to grow to $2.32 Billion by 2020 – a report by marketsandmarkets.com. Latest cybersecurity risks analysis from Serianu data shows that about 88 percent of Kenyan companies and institutions stand to lose billions of money on cyber attacks as they are exposed to cyber threats and attacks.
According to Serianu report released in April 2018, about 80% of cyber attacks were not responded to as of December 2017; the Serianu report also showed that Kenya lost Sh21 billion on the attacks in 2017 alone. The loss was second to Nigeria which lost Sh64.9 billion and more to that of Uganda and Tanzania which lost Sh990 million and Sh670 million respectively.
Liquid Telecom will be opening up its network to Serianu, a pan-African cybersecurity specialist firm, the new partnership is aimed at improving cybersecurity standards and practices across Africa. In addition to providing organisations with all their connectivity and hosting needs, Liquid Telecom will now be able to offer cybersecurity assessment, monitoring, training and incident response through a combination of Seriaunu’s consulting, managed services and threat intelligence.
While digital transformation presents a vast opportunity for businesses today in Africa, the risk of cybercrime has never been greater. Through this partnership with Serianu, Liquid Telecom is not only ensuring that customers using our network and data centers facilities have access to the very latest cybersecurity solutions, but that we are also raising the overall level of cybersecurity standards and practices across the region,” said Ben Roberts, Group CTIO at Liquid Telecom
Customers will also have access to Seriaunu’s new state-of-the-art Africa Cyber Immersion Center in Nairobi. The research, innovation and training facility provides an experimental environment for businesses to test their cybersecurity capabilities and will help address the cybersecurity skills shortage facing the region by providing additional training for IT professionals across the public and private sectors.
The agreement with Serianu forms part of Liquid Telecom’s Innovation Partnerships strategy and will enable the Kenya-based cybersecurity company to scale at speed across Liquid Telecom’s network footprint, which connects 13 countries in Eastern, Central, and Southern Africa.
The partnership will serve customers across a wide range of industry verticals, including banking and finance, insurance, governments, healthcare, manufacturing, and hospitality. It will mainly benefit SMEs, which are among the most vulnerable to the risk of cybercrime.