SACCO Societies Regulatory Authority (SASRA) chairman Jack Ranguma/photo courtesy
SACCOs need strong IT systems, Insurance covers amid cyber-attacks rise
Savings and Credit Cooperative Societies (SACCOs) are being challenged to tighten their systems and take insurance covers on the back of rising cyber-attacks in the era of digital transactions. Cooperatives are increasingly gaining prominence among formal and informal workers and currently hold over Sh800 billion customer deposit—a sum that makes them a target of cyber…
