Cyberattacks in Africa Rise 421% as Digital Economy Expands
By Njeri Irungu Cyberattacks targeting African organisations increased by more than 421 per cent between 2016 and 2025, raising concerns about the continent’s ability to secure its rapidly growing digital economy. A new whitepaper by Mastercard, titled Africa’s Digital Defense Race, shows that cyber threats grew faster in Africa than the global increase of 307 per cent recorded over the same period, highlighting the security challenges accompanying the continent’s digital transformation. The report comes as digital financial services continue to expand across Africa, with mobile money adoption increasing nearly sixfold between 2016 and 2025. Digital banking users grew 4.7 times, while e-commerce expanded 5.3 times, creating new opportunities for businesses and consumers. The continent’s digital payments economy is projected to reach $1.5 trillion by 2030, making cybersecurity increasingly important to the protection of financial transactions, personal information and essent...