Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In a rapidly evolving digital business landscape, the financial sector the world over, including Savings and Credit Co-operative (SACCOs), faces unprecedented challenges and opportunities in equal measure. And with this digital transformation regime comes an increased risk of cyber threats and attacks. Indeed, cyber security is not merely an option for any cooperative formation, but…
The Sacco Societies Regulatory Authority (SASRA) has directed all regulated SACCOs to institute round‑the‑clock surveillance and mandatory offline data back‑ups of their digital platforms, warning of heightened cyber‑attack risks during the upcoming Easter and Labour Day holidays. According to SASRA, analysis of past incidents shows cyber‑attacks peak during long weekends and public holidays, particularly in…
Corporate entities and institutions across the country have been urged to invest in cyber security to cushion them against rising cyber-attacks. Stakeholders aver that cyber security is imperative in protecting sensitive data, ensuring continuous operations, complying with regulations, maintaining a strong reputation and gaining a competitive edge in the landscape. Margaret Kinyanjui, the Principal College…
