Andreessen Horowitz just wrapped up a series on the current cyber security landscape. It got me thinking about what the cybersecurity landscape looks like in African countries. In particular, I’m interested in cybersecurity work going on at the intersection of telecommunications and banking. Nigeria has a policy of reducing the circulation of cash in the economy by 2020, and launched a national ID card program last year that incorporates banking capabilities. The dominance of mPesa and mobile money in Kenya has been the talk of the town for several years now.
My two main questions are:
1. What are the cybersecurity risks companies and the respective countries are dealing with here?
2. Who are the leading companies working on these issues?
Look out for a future post on this after I talk to some folks and read up a bit.
Here are links to the Andreessen Horowitz (A16Z) security series:
My three takeaways from the series are:
1. Companies can no longer think about their security in binary terms, that is, “We are breached. We are not breached.” Today, the thinking is more, “We are probably breached right now. What are we doing to mitigate the impact of this.”
2. Security and speed historically have somewhat of an inverse relationship. As content moves back and forth faster, the harder it is to ensure that nothing compromises it.
3. After seeing what happened to Target’s executive team after their highly publicized credit card breach, company executives are communicating more with their security teams to ensure that they have the systems in place to mitigate similar attacks that could get them fired.