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Originally published by Capital Business
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business
January 28, 2026
3h ago

Cybersecurity emerges top risk as digital banking accelerates, PwC finds

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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