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Deloitte report predicts cybercrime-linked losses to hit new record in 2017
Increased use of mobile devices, especially smartphones, is exposing Kenyans to cyber attacks due to users’ weak security measures when connecting to the Internet. PHOTO | FILE
Global financial consulting firm Deloitte has predicted that losses due to cybercrime could hit a new record this year, as criminals take advantage of increased Internet connectivity and users’ lax security measures.
It is estimated that cybercrime cost Kenyan Internet users and businesses about Sh18 billion ($171 million) in 2016. Deloitte predicts that the cost of cybercrime could rise by as much as 30 per cent in 2017.
