JOURNALS

Journal of African Studies and Sustainable Development (JASSD) (Vol. 7 No. 4, 2024) STRATEGIES TO MITIGATE CYBER IDENTITY THEFT IN AFRICA'S DIGITAL TRANSFORMATION Author(s): Ifeyinwa Nkemdilim Obiokafor

ABSTRACT

Cyber identity theft has become a critical concern that needs the attention of researchers, academicians, organisations, and stakeholders to ensure that the Cybersecurity Compliance Framework is applied to the protection and security of information systems for confidentiality. According to a report by Smile Identity, a pan-African digital identity verification company, the identity fraud rate in Africa increased by 28% in 2022 based on about 50 million know-yourcustomer (KYC) verifications in Africa, as published in “The 2022 State of KYC in Africa”. Due to the increasing demand for digitalisation, every individual and organisation in Africa, including Nigeria, faces continual shifting cyber identity thefts. This article provides strategies to mitigate cyber identity thefts in Africa's digital transformation. To stay ahead of the curve in cyber threats, the author conducted a systematic review to uncover the latest state-of-the-art trends and challenges in cyber security. Additionally, this paper addresses the future direction of cyber security, presenting possible strategies to addressing the increasing cyber security threat landscapes and attack surfaces of identity theft, as well as underscoring the importance of ongoing adoption along with collaboration among stakeholders in the cyber ecosystem to detect and automate cyber threat mitigation responses and best practices.

Keywords: : Identity theft, Cyber threat intelligence, KYC, Cybercrime, Phishing, Cybersecurity
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