Cybersecurity emerges top risk as digital banking accelerates, PwC finds
NAIROBI, Kenya, Jan 28 - Cybersecurity has emerged as the most significant growth risk facing banks in East Africa, even as digital banking adoption Kenya breaking news | Kenya news today |..
✨ Key Highlights
Cybersecurity has emerged as the most significant risk for banks in East Africa as digital banking rapidly accelerates, according to PwC's 2025 Eastern Africa Banking Survey.
- 88% of banking executives view cyber threats as a serious long-term challenge, with four out of five banks planning increased investment in cybersecurity.
- PwC Partner and Financial Services Leader Richard Njoroge highlighted that 40% of banks already process over three-quarters of customer transactions electronically.
- This proportion is expected to rise to 66% within the next three years, intensifying the need for robust cyber risk management.
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Online Platforms Face Scrutiny in UK and US as Digital Risks Mount - January 2026
Pornhub will restrict access for UK users starting next week, citing the country's tougher age verification requirements under the Online Safety Act (OSA). In the United States, TikTok US has pushed back against claims of censoring content, attributing issues to technical glitches. However, California Governor Gavin Newsom has announced an investigation into allegations of the platform suppressing content critical of the Trump administration. Highlighting increasing digital vulnerabilities, a PwC survey for 2025 found that cybersecurity has emerged as the most significant risk for banks in East Africa as digital banking accelerates.
