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Major Incidents and What Lies Ahead – THISDAYLIVE

Cybersecurity threats escalated in 2024 as AI was increasingly integrated into attack and defense mechanisms globally. These threats included a surge in cyber fraud, ransomware attacks, and data breaches. IBM reported the global average cost of a data breach hit $4.67 million, a 5% increase from 2023. Africa, especially Nigeria, experienced significant challenges as the integration of technology made it a prime target for cybercriminals, leading to considerable financial losses. Enhanced security strategies leveraging AI are necessary to counter the evolving threats.

Source: www.thisdaylive.com –

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