{"id":238840,"date":"2026-06-30T05:40:00","date_gmt":"2026-06-30T09:40:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/30\/mastercard-launches-africa-cybersecurity-hub-as-threats-rise-along-with-digital-economy-growth\/"},"modified":"2026-06-30T07:00:22","modified_gmt":"2026-06-30T11:00:22","slug":"mastercard-launches-africa-cybersecurity-hub-as-threats-rise-along-with-digital-economy-growth","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/30\/mastercard-launches-africa-cybersecurity-hub-as-threats-rise-along-with-digital-economy-growth\/","title":{"rendered":"Mastercard launches Africa cybersecurity hub as threats rise along with digital economy growth"},"content":{"rendered":"

Mastercard launches Africa cybersecurity hub as threats rise along with digital economy growth<\/a><\/p>\n

https:\/\/www.marketscreener.com\/news\/mastercard-launches-africa-cybersecurity-hub-as-threats-rise-along-with-digital-economy-growth-ce7f5fdcdb8af226<\/a><\/p>\n

Publish Date: 2026-06-30 05:40:00<\/a><\/p>\n

Source Domain: www.marketscreener.com<\/a><\/p>\n

Author: <\/a><\/p>\n

Using an unordered list, summarize the following article with between 4 and 8 key points. Mastercard Inc. (NYSE: MA) has launched an Africa Cybersecurity
\nCentre of Excellence, a pan-African initiative aimed at helping
\nfinancial institutions, governments and businesses strengthen cyber
\nresilience by sharing threat intelligence and improving incident
\nresponse.
\nThe programme will be rolled out in phases, beginning this year
\nin South Africa and Nigeria, as the payments giant expands beyond
\nits traditional card network into cybersecurity and digital
\nintelligence services.
\nThe announcement coincided with a visit by Mastercard Chief
\nExecutive Michael Miebach to both countries and received
\nendorsements from South African President Cyril Ramaphosa and
\nNigerian President Bola Tinubu, TechCentral reports.
\nMastercard said the initiative builds on commitments made during
\nthe G20 meetings in Johannesburg last year and follows recent
\ndiscussions with Nigerian authorities in Abuja.
\nRather than establishing a physical facility, the company
\ndescribed the centre as a virtual hub operating through
\ninterconnected digital platforms. Mastercard did not disclose the
\nsize of its investment, staffing levels or local implementation
\npartners.
\nDuring its first year, the initiative will provide cyber risk
\nassessments for up to 50 organisations, an Africa-focused threat
\nintelligence service powered by Recorded Future\u2014the US
\ncybersecurity company Mastercard acquired for $2.65bn in late
\n2024\u2014and collaboration platforms for chief information security
\nofficers, cyber exercises and resilience assessments.
\nThe launch forms part of Mastercard’s broader strategy of
\nexpanding into cybersecurity, fraud prevention and digital identity
\nservices, businesses that increasingly complement its global
\npayments network as digital transactions accelerate.Mastercard said it has invested more than $12.6bn in
\ncybersecurity since 2018, although it did not provide a regional
\nbreakdown, according to TechCentral.
\nThe company estimates Africa’s digital economy could reach $1.5
\ntrillion by 2030, but says growing cyber threats risk undermining
\nconfidence in digital payments and online commerce.
\nAccording to Mastercard, South Africa is Africa’s most-targeted
\ncyber market, accounting for approximately 29% of ransomware
\nattacks and 40% of phishing incidents across the continent, while
\nonly an estimated 35% of cyber incidents are reported.
\nThe assessment broadly aligns with Interpol’s 2025 Africa
\nCyberthreat Assessment, which recorded 17,849 ransomware detections
\nin South Africa\u2014more than any other African country\u2014followed by
\n12,281 in Egypt. The report also found phishing accounted for
\nroughly one-third of reported cyber incidents across Africa and
\nestimated cumulative cybercrime losses exceeded $3bn between 2019
\nand 2025.
\nAs governments and financial institutions accelerate
\ndigitalisation, spending on cybersecurity is expected to rise
\nsharply across Africa. Industry analysts increasingly view cyber
\nresilience as a prerequisite for expanding digital payments,
\nfinancial inclusion and cross-border e-commerce, making
\ncybersecurity a fast-growing commercial opportunity for global
\ntechnology and payments companies.\u00a9 2026 bne IntelliNews, source Magazine
<\/p>\n","protected":false},"excerpt":{"rendered":"

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