TeCH Up Solutions

Africa’s Cybersecurity Gap

According to International Financial Cooperation and Google, Africa’s internet economy is expected to contribute US$180 billion to the overall economy by 2025 and reach US$712 billion by 2050. To ensure this projection becomes a reality, African governments and their partners are building new initiatives to reach about 700 million Africans are cut off and address speed and cost issues for those with access.

But a relationship without security is useless. Recent cyberattacks and vulnerabilities highlight the existing and evolving cybersecurity threat environment in Africa:

Cybercrime has been reported to have reduced Africa’s GDP by more than 10%, costing an estimated US$4.12 billion by 2021.
As of June 2020, South Africa had the third-highest number of cybercrime victims in the world, at an annual cost of around US$147 million.
It is estimated that one in nine Android phones in Nigeria has an application infected with malware.
Ethiopia, the host country of the African Union headquarters, recently reported a sharp increase in cyberattack attempts