[kictanet] Cybercrime is costing Africa’s businesses billions

Lawrence Dinga, CISSP ldinga at managecom.co.ke
Thu Jun 2 09:54:59 EAT 2022


Hello Listers,
As the continent’s GDP reached $3.3-trillion in the past few years, so the
cost of cybercrime climbed to $3.5bn, with Nigeria, Kenya, and SA recording
the largest losses.
Cybercrime is estimated to cost Kenya's economy some $300 million a year
and the situation is running out of hand that the Kenya Government has
asked for help from the FBI
to train their Kenyan counterparts from the Directorate of Criminal
Investigations (DCI). Financial institutions, businesses, and public
agencies are the main targets of these attacks.

Worse still, is the issue of investigation and presenting electronic
evidence in a court of law. Electronic evidence is generally fragile and
can easily lose its value not collected, preserved, and guarded in a proper
and timely manner. Maintaining the integrity of computer-generated evidence
is key in any court case involving electronic evidence. Integrity is the
property of digital data not to have been altered in an unauthorized manner
since the time they were created, transmitted, or stored by an authorized
source. Proper procedures need to be followed to obtain evidence from a
defendant’s computer in a manner that is legally admissible in a court of
law.

AWARENESS AND EDUCATION ARE KEY


Regards
Lawrence Dinga, CISSP
+254 721 22 324


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06/02/22,
09:47:17 AM
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