Thursday 5 October 15:00 - 15:30, Red room
Tyrus Kamau (Euclid Consultancy)
Over the last 10 years, cybersecurity has become a recurrent theme within the government and private sectors across the world. With an ever-increasing number of cyber attacks being waged against countries, financial institutions and individuals, it is no wonder that it has been postulated that the next world war will be waged in cyberspace.
In Kenya, Africa, there have been reports of cyber attacks in their infancy stages despite the country having been technologically advanced for only a very short time. The proliferation of connectivity through affordable Internet has predominantly driven innovation within the technology space and it's no wonder that Kenya is among the leading countries in Africa in terms of cybercrime.
The cyber threats Kenya faces range from basic hacking such as website defacements, financial fraud, social media account hijacking; theft of government documents and cyber espionage. The frequency of these attacks has increased, and the level of sophistication is also morphing with every incident disclosed. Moreover, Kenya has been a victim of global cyber attacks from APTs such as the Lazarus Group and the Equation Group.
A recent report (http://www.serianu.com/downloads/KenyaCyberSecurityReport2016.pdf) indicates that banks and other financial services are the most sought after targets by hackers, closely followed by government institutions. Also of high interest are mobile network operators who also have a key role to play in the mobile money space, which is a popular method of remittance. The same report estimates the cost of cybercrime in Kenya to be USD 175 million in 2016, an increase from the USD 150 million reported in 2015.
This presentation will cover: