Cybersecurity Resilience: A Key Pillar for SOFTSWISS's African Expansion
Resilience Integration Demanded by SOFTSWISS During Africa Tech Week Discourse
Amidst the burgeoning digital economy in Africa, cybercriminal activities are on the rise. South Africa alone experiences an estimated annual loss of R2.2 billion due to cybercrime, signaling a critical need for robust cybersecurity solutions [Enrichment Data 1]. As a leading tech company in the iGaming industry, SOFTSWISS seized the opportunity at the Africa Tech Week to express its ambitions in the South African market and emphasize the significance of cybersecurity resilience in its strategic plans.
Addressing an audience of delegates, Deputy Chief Security Officer at SOFTSWISS, Artem Bychkov, delivered a stark warning about the surge in cyber threats that the continent is facing. To illustrate the extent of the issue, he shed light on a variety of threats like malware-as-a-service, supply chain infiltration, and deepfake-driven KYC fraud [Base Article]. Bychkov highlighted SOFTSWISS's track record in technical stability and innovation as crucial for the African market, underscoring the need for companies entering the African markets to be builders - not mere participants - of secure digital ecosystems.
Emphasizing the need for persistence in the face of rapid cybercriminal adaptation, Bychkov emphasized the importance of dedicated and comprehensive security programs encompassing people, processes, and technology [Base Article]. In a rapidly evolving digital landscape, he underscored the necessity of alignment under a long-term vision.
Recognized for its customizable solutions across emerging markets, SOFTSWISS recently received the 'Innovation of the Year' award at the Sports Betting East Africa+ Summit [Base Article]. The award nods to its continued commitment to delivering reliable and transformative solutions even in newly entered markets.
Having sped up its African strategy, SOFTSWISS is now tailoring its offerings to accommodate African operators, positioning itself as a proponent of global cybersecurity standards on the African continent. Offerings include device-level Multi-Factor Authentication (MFA), behavioral analytics, real-time monitoring, and secure-by-design development [Enrichment Data 4].
SOFTSWISS's participation at Africa Tech Week showcases its dedication to shaping Africa's digital future beyond gaming platforms, towards a broader ecosystem of secure digital services. Unwavering in its commitment to cybersecurity resilience, SOFTSWISS is evolving its cybersecurity strategies to meet the local specificities and demands across the African market.
In the fast-paced digital economy of Africa, sports betting companies like SOFTSWISS must prioritize cybersecurity resilience to ensureFinance security during sports betting industry transactions, given the rising cyber threats and cybercriminal activities. As a pioneer in both technology and cybersecurity, SOFTSWISS leverages comprehensive security programs that encompass people, processes, and technology to create robust and secure digital ecosystems in the African market.
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