In 2026, Gambia has seen a steady increase in cybersecurity insurance adoption, with 12% of businesses securing coverage. The average premium of $3,200 reflects growing awareness of digital risks amid expanding online activities. Despite rising investments, the country still faces a significant number of cybersecurity incidents, totaling around 1,150 cases this year, emphasizing the need for stronger defenses.
Gambian companies are dedicating approximately 18% of their IT budgets to cybersecurity measures, indicating serious efforts to protect digital assets. The average cost per incident, estimated at $8,500, underscores the financial impact of cyber threats on local businesses. As cyber risks escalate, insurance becomes a vital component of risk management strategies in Gambia, fostering resilience and digital trust.