Cybersecurity and Cross border data flows in the Mobile Industry
In recent years, the rapid expansion of the mobile industry has catalysed economic growth, social development and job creation throughout the African region. Mobile money has been a key driver of this evolution, as a sustainable conduit for reaching underserved and unbanked populations. With progress comes responsibility; increasing risks around cyber security and privacy concerns are threatening to reverse these gains and to slowdown the growth of the digital economy and inclusive finance in African countries.
What are the emerging cybersecurity and privacy challenges for mobile money providers? How can mobile network operators responsibly navigate these challenges while realising the benefits? What safeguards can be introduced to mitigate risks while leveraging the benefits of cross-border data flows? What is the role of regulation in striking the balance between consumer protection and future innovation?
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