Meinert Cybersecurity Comment on the Recent Telecom Namibia Cyberattack

The recent cyberattack on Telecom Namibia highlights a growing threat that no business, large or small, can ignore. As Namibia’s first dedicated cybersecurity awareness company, Meinert Cybersecurity believes this incident serves as a wake-up call to organisations of all sizes across the country.

Cybercrime ranks as the fourth most significant risk for businesses in Namibia (Allianz Risk Barometer 2023), with attacks becoming more frequent and sophisticated. Thanks to the increased automation of attacks, it is no longer just first-world countries being targeted. If you’re connected to the internet, you’re a target.

While businesses often focus on technological defences, they overlook a critical factor: the human. 95% of cyberattacks involve human interaction—whether it’s clicking a malicious link, sharing credentials, or falling for phishing scams. Technology alone cannot prevent cyberattacks if employees are not trained to recognise, prevent, and respond to threats. Investing in technology without educating your staff is like installing expensive burglar bars, electric fences, and alarm systems—but leaving your front door wide open.

Telecom Namibia’s attack is not an isolated case. Ransomware, one of the most common cyber threats, and other hacks have impacted industries across Namibia—from retail and tourism to legal, logistics, and more. In 2021 alone, Namibian businesses faced 1,382 cyberattacks per week—49% above the global average (United Nations Office on Drugs and Crime). This underscores our nation’s vulnerability and the urgent need for action.

While high-profile incidents like Telecom Namibia’s make headlines, 50% of cyberattacks target SMEs (Cybersecurity Ventures 2023). Many smaller attacks go unreported due to concerns over reputational damage.

Cybersecurity is no longer optional. In the EU and US, businesses spend 2-5% of their annual revenue on cybersecurity. It’s an essential investment to protect businesses, customer data, and Namibia’s economy from devastating financial and reputational consequences.

Cybersecurity awareness is key to reducing this risk. Employees can be either your strongest defence or your weakest link. Investing in awareness training is as critical as deploying the best IT security systems.

Let’s not wait for another wake-up call.