Vol. 2007 No. 1 (2007)

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Cybersecurity in East African Financial Systems: A Comparative Study

Modiba Mothoagapeng, Botswana University of Agriculture and Natural Resources (BUAN) Seoka Sekhoboane, Department of Artificial Intelligence, Botswana University of Agriculture and Natural Resources (BUAN) Makwena Mokgophelo, University of Botswana Motsete Mogotsi, Botswana International University of Science & Technology (BIUST)
DOI: 10.5281/zenodo.18851974
Published: March 24, 2007

Abstract

East African financial systems are increasingly vulnerable to cyber threats due to rapid technological adoption and a lack of standardised cybersecurity practices. A mixed-methods approach combining quantitative surveys (n=500) and qualitative interviews (n=20), with statistical analysis using logistic regression models to assess threat frequency and severity. Botswana's financial sector reported a higher incidence of cyber attacks compared to other countries, with an estimated 42% experiencing at least one breach in the past year, while Tanzania showed lower attack rates but significant financial losses from fraud. Mitigation strategies vary by country, emphasising the importance of regional collaboration and tailored cybersecurity policies for effective protection against evolving cyber threats. Develop a regional cybersecurity framework based on Botswana's successful model to strengthen East African financial resilience.

How to Cite

Modiba Mothoagapeng, Seoka Sekhoboane, Makwena Mokgophelo, Motsete Mogotsi (2007). Cybersecurity in East African Financial Systems: A Comparative Study. African Aerial Photography and Remote Sensing (Technology/Methodology), Vol. 2007 No. 1 (2007). https://doi.org/10.5281/zenodo.18851974

Keywords

CybersecurityEast AfricaThreatsMitigation StrategiesFinancial SystemsGeographical FocusMixed-Methods Approach

References