Security startups and Africa’s mobile boom: big problems, huge opportunites

The bigger the problem, the greater the opportunity. With the increasing popularity of smartphone usage paired with greater internet penetration in Africa, mobile security startups have gradually started to join the cause against cyber threats — something that the continent is very vulnerable to.

Where there’s a problem, there’s an opportunity — followed by a bunch of entrepreneurs of course. One of the most inspirational and well-known entrepreneurial stories in South Africa (and beyond) is probably that of Mark Shuttleworth. Thawte, as you most likely know, is Shuttleworth’s first digital certificate and internet security startup. The company was eventually sold to VeriSign for more than US$500-million. As we have seen lately, Thawte isn’t the only security startup born and bred in South Africa.

Read more on Ventureburn.