Will massive techies layoffs trigger cyber fraud frenzy?

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Redundancies, while challenging, are sometimes necessary to ensure sustainability. FILE PHOTO | SHUTTERSTOCK

The mass layoffs of highly-qualified techies have sparked fears of a rise in cybercrime. Analysts have raised concerns that the unemployed techies, having gained top-notch skills from multinational organisations and financial institutions, may hit back by using malware to steal millions of shillings from online banking accounts.

Some of them have a good understanding of the internal systems and can easily cripple the former employer's network.

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