Over the past decade, cyber security threats have grown exponentially, posing significant risks to businesses and organizations across Africa. These threats range from data breaches, malware attacks, ransomware, and phishing, causing financial instability and damaging customer trust. The escalating cyber threats have prompted businesses and organizations to reassess their security posture, leading to the emergence of Zero Trust as a cutting-edge solution. Zero Trust, a revolutionary approach in cyber security, advocates for continual verification of all privileged users, devices, and transactions, irrespective of their location or network. It’s a strategy that moves away from the traditional perimeter-based trust model to a policy-enforced approach.
Essentially, it assumes there’s already a breach and applies authentication and authorizations at every point of contact. Africa’s financial sector, being at a critical juncture due to the exponential growth in cyber threats, stands to benefit greatly from Zero Trust.
It provides robust and resilient protection to financial institutions against cyber security risks, creating a strong defense mechanism to counter potential attack vectors. This approach helps banks and insurance companies in Africa safeguard their customers’ personal and financial details while boosting their digital transformation journey. The BFSI Security Summit – Johannesburg 2025 is set to convene from May 7th to discuss these challenges and suggest innovative solutions.
As AI, blockchain, and cloud technologies transform financial services, they introduce complex risks that need innovative solutions. Speakers from organizations like Wits ICT, Sovereign Finance Limited, and Sithembile Songo Group Head of Technology and Innovation at Alexander Forbes Group, will share valuable insights into these critical challenges and offer actionable strategies to mitigate risks. Furthermore, Veea Inc. , a pioneer in multiaccess edge computing with AI-driven cybersecurity and edge solutions, has announced its Co-founder and CEO, Allen Salmasi, will participate at the 37th Annual Roth Conference in Dana Point, CA, from March 16th to 18th, 2025.
Veea’s presence at the conference stands as a testament to its commitment to revolutionizing Africa’s cybersecurity landscape through its pioneering Multiaccess Edge Computing and fully integrated cloud- and edge-managed products.
