Why companies in Kenya should tame cyber crime

It is estimated that 70 per cent of Kenyan businesses are vulnerable to cybercrime and the country loses about Sh15 billion annually due to the crime.
Part of the reason for the growing prevalence of cybercrime in Kenya is the country’s increasing digitization which has inadvertently exposed Kenyans to cybercriminals.

Furthermore, key stakeholders don’t fully appreciate the full range of risks that they are exposed to or how to mitigate against them. A recent “State of Cybersecurity in Kenya” study shows that the government is the most vulnerable sector to cyber criminals followed by the banking sector due to their increasing reliance on technology and third parties to perform and enhance their management and transfer of money.