Cape Verde has seen a significant rise in IoT device deployment, with over 1.2 million devices in 2026. However, nearly 28% run outdated firmware, exposing critical vulnerabilities. The increasing number of breaches, totaling around 320 incidents annually, highlights the urgent need for robust security measures. The average breach cost of USD 75,000 underscores the financial risks faced by organizations.
Investments in IoT cybersecurity reached approximately CVE 4 million in 2026, reflecting growing awareness and governmental support. Despite these efforts, many devices remain susceptible to cyber threats, emphasizing the importance of firmware updates and proactive security protocols. Strengthening IoT security is vital for Cape Verde's digital infrastructure resilience and economic stability.