Country
Tanzania

Source
Report by Serianu

Title
Tanzania Cyber Security Report 2016

About
Reports the technical findings from Serianu's analysis of over 1.6 million publicly accessible IP addresses and 138,000 network security events. | One of the most critical challenges facing Tanzania is the lack of awareness amongst technology users. | the disparity between the cost of cybercrime and budget allocation to cyber security related products. While there are high levels of investment in technologies and automation across governments and the private sector, the study found that there was no matching investment in cyber threat prevention tools. Out of the organisations surveyed, (98%) did not spend any money or spent less than USD 5,000 annually on cyber security related products.

Key findings
The estimated cost of cybercrime in Tanzania has soared to $85 million | Mobile money in Tanzania has experienced numerous attacks through social engineering, use of malware and account impersonifications | Malware targeting critical mobile and internet banking infrastructure are on the rise. | E-commerce growth has accelerated and we are seeing more integration of electronic payment systems into financial institutions| Increase in IoT threats- | Numerous counts of vulnerabilities and systems misconfigurations. | Insider threat is still the largest contributor of direct losses in cybercrime in Tanzania. | Technical training of employees is not sufficient. | Security professionals are struggling to demonstrate business value to senior management | Lack of practical regulatory guidance from local industry regulators and government l | Only 3% successful prosecution.

Website
https://www.serianu.com/downloads/TanzaniaCyberSecurityReport2016.pdf