Reports by security experts reveal cyber criminals are mostly targeting government (33%), Telecommunications (22%), and financial services (17%). This report is contrary to popular believes that cyber criminals are largely targeting multination corporations operating in the developed markets.
East Africa organizations are fast becoming a target for attacks with local subsidiaries particularly attractive as the ‘cyber’ route into these multinationals.
According to Control Risks’ (www.ControlRisks.com) cyber threat intelligence team:
Attacks are increasing rapidly and in severity: Globally there has been a 42% increase in the number of targeted attacks reported between 2015 and Q1-Q2 2016
For East Africa, Advanced Persistent Threat and Criminal Targeted Attacks are the most impactful cyber-attack techniques in 2016
In Kenya alone, the estimated costs for the country due to cybercrime costs sums up to 2 billion Kenyan shillings ($23m) +
The Kenyan Government has made great strides with the formation of Kenya National Computer Incident Response Team Coordination Centre (KE_CIRT/CC) launched in 2012 and the development of the national cyber security strategy in 2014, it is however key for the public and private sector organizations to interpret what the policies mean for them; essentially …read more