Kenya faced an average of 7.2 million cyber threat attempts every day in Q3 2024

With rising global cyber threats, Kenya, one of Africa's Tier 1 cybersecurity countries (ITU classification), has recorded 2.76 billion cyber threats in the first nine months of 2024.

After a dramatic spike in Q4 2023 (+943%), cyber threats have dropped by 49% in Q3 2024 but remained significantly higher than five quarters ago. Threats rose again in Q2 (+17%) and then dropped in Q3 (-42%).

This surge in attacks led to a recent major breach, where a government agency’s data was sold on the dark web, highlighting the urgent need for stronger security measures.

What actions can Kenya and other countries take to improve their cybersecurity?

Source:

Communications Authority of Kenya

Period:

Q3 2022-Q3 2024
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Kenya’s mobile banking fraud in 2024 exposed KES 981.7 billion, leading to losses of KES 810.7 billion
  • Kenya’s total fraud exposure in 2024 hit KES 2.0T, with KES 1.6T actually lost.
  • Mobile banking fraud was the largest contributor, with KES 981.7B exposed and KES 810.7B lost.
  • Mobile banking had an 82.6% loss rate, making it one of the riskiest fraud channels.
  • Computer fraud and internet scams recorded 100% loss rates, showing no funds were recovered.
  • Identity theft saw 97.9% of exposed amounts lost, translating to KES 199.1B.
  • Card fraud had a lower loss rate (59.9%) but still cost banks and customers KES 263.3B.

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