- As 10% Increase In Cybersecurity Leads To Significant GDP Gains
By Clifford Agugoesi, Editor-in-Chief
A study which interrogated the relationship between cybersecurity and development in the context of the Fourth Industrial Revolution(4IR)), characterized by the Internet of Things and technological innovations, Cybersecurity for Development in the Fourth Industrial Revolution, has unveiled a strong correlation between cybersecurity maturity and economic growth.
Analyzing data from 40 African countries, the study found that a 10 per cent increase in cybersecurity produces significant GDP per capita gains. The findings underscore the critical role of cybersecurity in fostering trust, enhancing internet penetration, and driving sustainable development across various regions, including Africa, Latin America, and Asia.
The study was commissioned by the Economic Commission for Africa (ECA) under the overall supervision of the Director of the Technology, Climate Change and Natural Resources Management Division, Jean Paul Adam, and with substantive contributions and coordination provided by the Chief of the Technology and Innovation Section, Mactar Seck.
The Lead Consultant, to the study is a prominent expert in the national, regional and global information and communications technology industry and the Chairman and Principal Consultant at Kontemporary® Konsulting Ltd., an information and communications technology solution company, Dr. Jimson Olufuye.
