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The Mastercard and NowNow partnership comes amid a significant increase in cybercrime in recent years. This problem, Figure release by Nigerian Communications CommissionThe commission explained that Nigeria loses an estimated $500 million a year to cybercrime alone.
Small businesses are often the target of cybercriminals. Because they are less likely to have the resources to defend themselves, they are targeted more often than larger organizations. Less likely to behave appropriately after a violation.
NowNow tries to protect SMEs with regular web application penetration testing. Such tests are intended to ensure that small business applications are not vulnerable to cyberthreats. The startup’s products are currently available in Nigeria and Angola, with plans to expand to more markets soon.
NowNow is also the only African startup participating in the latest project. Mastercard Start Path Global ProgramThe program is designed to help late-stage startups innovate and scale. NowNow gained operational support, commercial involvement and strategic investment opportunities from this program.
The partnership also aims to make the Mastercard Trust Center easier for partner SMEs to access. Center to help SMEs address cybersecurity concerns as part of $250 million effort to help small businesses impacted by Covid-19 Founded by Mastercard to
Paul Truman He is Executive Vice President of Product Optimization and Customer Advancement, Cyber and Intelligence at Mastercard.
Trueman explains the need to protect SMEs: Our partnership with NowNow is key to achieving this. Businesses large and small can operate with peace of mind knowing that they are safe and secure. “
sahilberry, NowNow’s CEO also spoke about the purpose of the partnership. Berry says:
We are pleased to partner with the Mastercard Trust Center to help our customers improve the security of their cyber ecosystem and protect themselves from cybercriminals.
