By: Nghiinomenwa-vali Erastus
Namibia is at high risk of facing cyberattacks in 2025, according to the latest Financial Stability Report. The report, released by financial sector regulators, warns that cyber threats remain serious and are likely to occur within the year.
Namibia has been targeted by cyberattacks since last year. Several companies and government ministries have fallen victim. The report identifies cyber threats and global financial instability as the two main risks to the country’s financial system this year. Both risks were rated with the highest probability of happening.
The report says cyber threats may come in the form of phishing, spoofing, and over-reliance on third-party service providers. To respond, the Cyber Security Council recommended more awareness campaigns to fight phishing and called for stronger firewall standards.
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