At the first-ever Future of Work Virtual Conference hosted by CNBC Africa, on August 20, more than 2,000 global viewers engaged with industry experts on digital opportunities for the continent.

At the all-day virtual summit, the second panel discussion, titled ‘Cybersecurity for the distributed, hyperconnected workplace’, hosted by Chris Bishop, delved into why protecting valuable data and other corporate resources from cybercriminals is key.

The session included as panelists Patrick Grillo, Senior Director of Security Strategy at Fortinet; Algirde Pipikaite, Project Lead, Industry Solutions, Centre for Cybersecurity: World Economic Forum; and Eric Mc Gee, Associate Director: Cyber Risk Services Team: Deloitte.

Pipikaite noted that cybercrime is on the increase globally because the possibility of being caught is very low and the rewards are high. “This has been further accentuated by the use and abuse of the coronavirus pandemic over the last seven months… The good news is that [cybercrime] cases have fallen to 61,000 on a weekly basis when compared to the 200,000 in the first month of the pandemic, but the bad news is that normal attacks are on the increase again,” said Pipikaite.

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