Kenya’s Digital Economy Under Siege: Why Agile Cybersecurity Frameworks Are Critical for Business Survival

Kenya's digital economy faces rising cyber threats. Learn how agile cybersecurity frameworks can protect businesses from attacks like those on Equity Bank and Naivas...
✨ Key Highlights
Kenya's booming digital economy faces aggressive cyberattacks, underscoring the critical need for robust cybersecurity frameworks. Recent incidents, including a major theft at Equity Bank and a ransomware attack on Naivas, reveal the vulnerabilities businesses face.
- In April 2024, Equity Bank lost KES 179 million directly from customer accounts due to cybercriminal activity.
- Tony Anscombe, Chief Security Evangelist at ESET, emphasizes the importance of selecting appropriate cybersecurity frameworks for business survival.
- Cybersecurity frameworks can be mandatory or voluntary, with small and medium enterprises facing unique challenges in implementation.
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