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Showing posts from May, 2013
Cyber-attacks are becoming more sophisticated daily and have a significant impact on the operation of the public and private sectors globally. The attacks have advanced from merely password guessing/cracking, hijacking sessions to advanced persistent threats, organized crime, nation-state cyber warfare and cyber based terrorism. The trends are worrying. Resultantly, cyber-crime has accounted for 22% of all economic crime reported locally by financial services organizations. Forensic experts have estimated Ksh 3 billion to be the cost of cybercrime on the Kenyan economy. USD 245 million was estimated as the combined estimated threat on the East African financial institutions. A 2012 CSI/FBI study estimated the global cost of ICT crime and remediation efforts to be USD 110 billion. The major ICT advances pose an ever-evolving risk environment which presents substantial security challenges to the Kenyan government.   The most emerging risk areas are, the increased socio economic d