Mastercard Report Warns of Rising Cyber Threats as Africa’s Digital Economy Expands

Africa’s expanding digital economy is creating new opportunities for individuals, businesses and governments, but rising cyber threats are increasing the need for stronger security measures, according to a new Mastercard-commissioned whitepaper, Africa’s Digital Defense Race. The report found that between 2016 and 2025, mobile money users grew 5.9 times, digital banking users increased 4.7 times, and the e-commerce market expanded 5.3 times. These developments coincide with projections that Afri