State losing Sh5 billion to hackers annually, new survey shows

The state loses about Sh5 billion to hackers every year due to inadequate cyber security control, the Kenya Cyber Security Report 2015 shows.

The report launched yesterday shows hackers  also steal approximately Sh4 billion from the financial services sector, Sh3 billion in the manufacturing and industrial sector, Sh2 billion in the telecommunication sector, and Sh1 billion in the media and technology and other sectors.

It shows most of this year’s cyber attacks targeting Kenya originated from the United States, China and Russia.

“In manufacturing and government sectors, respondents say there is either none or minimal level of cyber security controls. Respondents in these industries report that firewalls are the main security measures in place to prevent targeted attacks. This is followed by antivirus technology,” notes  the report.

The survey was conducted by cyber security consulting firm, Serianu in partnership with PKF Consulting and the Unites States International University Africa.

It collected data from 275 organisations and interviewed 175 chief information officers and IT managers and 100 line managers and board members. For the full article click here 

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