Cybersecurity & Africa's economy 💻🔨
Africa is rapidly evolving in terms of population, economy, and global relevance. Major debates regarding the continent’s digital economy are centred on how quickly it is expanding and how much growth is required. But as the continent gets more wealthy and accelerates digitally, an increase in cyber crimes threatens economic growth.
Although cybercrime is threatening businesses globally, African companies are the most endangered. The continent is relatively limited in terms of communication infrastructure but with the increase in the penetration of technology, it is increasingly becoming a target for cybercriminals due to poor governmental commitment to cybersecurity.
Most economies on the continent lost 10 per cent of their GDPs to it in 2021, while the continent recorded a $4 billion loss - 3.5 per cent of its $115 billion digital economy.
By 2050, analysts predict that Africa’s digital economy would be worth $712 billion. But with the continuous growth in cybercrime, the continent may suffer an estimated loss of about $25 billion by 2050.
What can Africa do to beef up its cyber security? Join us on Wednesday, 21st of September at 4:00 pm WAT, to discuss The impact of cyber insecurity on Africa’s economy.
Set a reminder: The impact of cyber insecurity on Africa’s economy — twitter.com Ventures Africa’s Space · Where live audio conversations happen
Meet our speaker!
Confidence Staveley is Africa’s most celebrated female cybersecurity leader, talent developer, global speaker and inclusion advocate. She has achieved numerous professional certifications and industry recognitions.
Confidence is an official member of the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives. She won the Cybersecurity Woman of the Year Award in 2021 and 2022, IFSEC Global Top Influencer in Security & Fire 2021, and is one of the Top 50 women in Cybersecurity Africa.
She is an alumnus of some of the most prestigious fellowships across the world such as the 2021 Obama Foundation African Leaders and the International Visitors Leadership Program (IVLP) promoting cybersecurity. Confidence has spoken at over 30 international conferences, a testament to her global thought leadership and influence.
She is the Founder and Executive Director of CyberSafe Foundation, a leading non-governmental organisation dedicated to improving inclusive and safe digital access in Africa.
Remember to stay safe!
