Kenya losing billions

KENYA’S financial services sector could be losing more Sh5 billion as a result of incidences related information security, a senior official has said.

Information and Communications Permanent Secretary Bitange Ndemo, said this at presentation of PIN certificates for certified information systems auditors (CISA) and certified information systems manager (CISM) awards ceremony held in the capital.

He said although losses arising from data security issues are not documented in Kenya the losses could even run to higher than the amount.

“Online transactions are moving at a fast pace and need robust information security systems to protect users against non-authentic access,” he added.

Ndemo as such urged Information Systems Audit and Control Association (ISACA) to create more awareness about information systems security and increase the number of professionals in the country adding that education institutions should market course of this nature.

Meanwhile, Ndemo said the the certification to the auditors would help the country attract jobs from the rest of the world.

“By standardisation of certification, a client from say the US would be confident in the knowledge that whoever is handling their work is competent as she or he has been certified by an international professional body.

ITNewsAfrica.com, Kenya