The Central Bank of Kenya has launched a new cybersecurity hub aimed at strengthening the protection of banks against rising cases of cybercrime.
The facility, known as the Banking Sector Cybersecurity Operations Center, is designed to provide real time monitoring, detection, and response to potential threats targeting financial institutions.
The initiative comes at a time when banks in Kenya and across the region are facing an increasing number of digital attacks. Cyber fraud involving phishing, identity theft, SIM swap scams, and breaches of mobile banking platforms has resulted in heavy financial losses and shaken customer confidence.
The new hub is expected to serve as a centralized system that coordinates security responses, allowing banks to share intelligence more effectively and respond quickly to incidents.
It will also enhance risk assessment and provide capacity building for financial institutions that struggle with limited resources and skilled personnel in the field of cybersecurity.
According to the Central Bank, the facility will also focus on emerging risks associated with advanced technologies such as cloud computing, artificial intelligence, and third party vendor systems. By bringing together expertise and technology in one place, the regulator aims to create a stronger shield for both banks and their customers.
The unveiling of the cybersecurity hub marks a significant milestone in the modernization of Kenya’s financial sector. It highlights the urgent need for robust digital security measures as banking services continue to migrate to online and mobile platforms.
Stakeholders believe that with greater cooperation and strict adherence to the regulator’s guidelines, the hub will help reduce losses, safeguard customer data, and build greater trust in the financial system.
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