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Cybercrime costs Africa $10 billion a year. AI is about to make that number bigger.

Tech • 2h ago
Cybercrime costs Africa $10 billion a year. AI is about to make that number bigger.
As African economies digitise rapidly, cybercrime is evolving just as quickly. Malware that once took skilled programmers weeks or months to build can now be generated in minutes using AI-powered coding tools, enabling cybercriminals to launch cheaper, faster, and large-scale attacks, often targeting businesses and consumers coming online for the first time. The shift is captured in the HP Wolf Security Threat Insights Report, released by the security unit of technology manufacturer HP Inc, which shows attackers shifting from carefully engineered exploits toward a strategy built on speed and volume. By combining AI-assisted coding with modular malware kits, often purchased cheaply on underground forums, cybercriminals can now generate thousands of slightly different malware samples and l...
Source: Original Article. AI-enhanced version.