Figures from the Africa Cyber Security Report 2018 show that about two-thirds of companies will face a talent shortage of cybersecurity professionals. He estimates that with a population of 50 million, about 10,000 skilled cybersecurity professionals would be a good place to start. Last year, such security breaches led to the direct and indirect loss of more than Sh29.8 billion, according to the cybersecurity report. A quarter of companies surveyed said they spent more than Sh1 million on cybersecurity last year, the majority being from the banking and financial sector. It is projected that Kenya will spend Sh200 million on cybersecurity this year, same as last year, according to International Data Corporation (IDC).
Source: Daily Nation May 25, 2019 19:40 UTC