cybersecurity - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Cyberattack hits over 400 French supermarkets, spoils food

Sacco ReviewOctober 13, 202603 mins

A cyberattack has disrupted operations at hundreds of supermarkets in France. Retailers are counting the cost of widespread refrigeration failures. Investigators are examining vulnerabilities in equipment used to preserve food supplies. More than 400 supermarkets in France were affected by a cyberattack that forced refrigeration systems to heat up to 50°C, destroying fresh and frozen…

Saccos face new rules on deposits and cybersecurity

Sacco ReviewSeptember 30, 202604 mins

New measures target deposits, shared services and cyber risks SASRA gains wider powers over financial crime compliance Proposed reforms could reshape liquidity and deposit protection systems Kenya’s Sacco sector is facing significant regulatory changes following new measures on deposit protection, money laundering, shared financial services and cybersecurity. The developments, which are contained in the 2025…

Nandi Sacco training targets governance and cybersecurity

Sacco ReviewSeptember 30, 202604 mins

Nandi Sacco officials sharpen skills in governance and financial management Training brings cybersecurity and digital tools into focus County and project partners seek stronger farmer organisations Sacco bookkeepers and officials in Nandi County have been taught how to run tighter, safer and more transparent societies. The two day Sacco Toolkit Training Workshop is taking place…

Why Saccos must embrace technology to stay relevant

Sacco ReviewSeptember 11, 202604 mins

Saccos need technology to meet changing member expectations. Digital systems can improve convenience, transparency and efficiency. Saccos should balance innovation with security and human support. Technology is changing how people save, borrow, invest and manage their money. For Savings and Credit Co-operative Organisations (Saccos), embracing this change is no longer optional. It is now an…

Cooperatives urged to embrace tech, strengthen governance

Sacco ReviewSeptember 8, 202606 mins

Cooperatives urged to embrace technology and strengthen governance. Leaders warned to improve risk management following KUSCCO’s liquidation. Tax gaps, cybersecurity and climate change emerge as key concerns. Cooperative societies have been urged to embrace technology, strengthen governance and continuously improve their skills to remain competitive in a rapidly changing business environment. Institute of Directors Kenya…

ICT Authority steps up cybersecurity for government systems

Sacco ReviewSeptember 8, 202605 mins

Government systems face stronger cybersecurity safeguards. Stakeholders are testing new risk assessment tools. Framework gaps are being addressed before certification. Kenya is stepping up efforts to protect government digital systems and Critical Information Infrastructure (CII) from cybersecurity threats that could disrupt essential services, compromise sensitive information and undermine confidence in the country’s rapidly expanding digital…

KUSCCO, SITPA to host inaugural Sacco ICT summit in Mombasa

Sacco ReviewAugust 10, 202603 mins

KUSCCO and SITPA will host the inaugural Sacco ICT Summit 2026 in Mombasa from August 24 to 28. The summit will focus on digital transformation, ICT governance, cybersecurity and technology procurement in the Sacco sector. Participants will develop standards for vendor vetting, ICT talent recruitment and protection of Sacco member data. The Kenya Union of…

Kenya’s digital rise brings a growing cybercrime threat

Sacco ReviewAugust 4, 202609 mins

Kenya’s expanding digital economy is increasing exposure to cyber threats, with experts warning that cybercrime is becoming a major national security and economic risk. Rising threats include DDoS attacks, mobile money fraud, phishing, ransomware and identity theft targeting businesses, government agencies and the public. Experts say stronger cybersecurity will require investment in skills, digital infrastructure,…

Stima SACCO assets hit Ksh75.3 Billion, post Ksh10.8 Billion revenue

Sacco ReviewApril 7, 202609 mins

Kenya’s second largest Savings and Credit Co-operative (SACCO) and second-largest in Africa in asset base, Stima DT SACCO Society Limited, posted impressive financial results for the year ending December 31, 2025 after it recorded an increase in revenue by 4.9% from Ksh10.3 billion in 2024 to Ksh10.8 billion in 2025, even as its total assets…

SASRA: Saccos lost Ksh233M to rogue staff

Sacco ReviewOctober 9, 2023October 9, 202308 mins

The rush by Saccos to embrace mobile and internet banking as a replacement for the brick and mortar branches is proving to be a weak link in the fight against fraud in Saccos. A recently released SASRA report covering 2021 and 2022 shows that rogue Sacco staff are breaching internal systems and riding on mobile…