Cybersecurity Skills Gap Threatens Kenyan Banks
Kenyan banks are facing a growing cybersecurity skills gap that is weakening their ability to implement effective digital security measures, a new survey by the Central Bank of Kenya (CBK) reveals.
The shortage of skilled professionals is driving up the cost of hiring and retaining cybersecurity talent, straining bank budgets.
With limited in-house expertise, many banks still rely on manual monitoring systems. These outdated tools are less effective at detecting and responding to modern cyber threats in real time, increasing vulnerability to attacks.
The skills gap is also making it difficult for banks to fully comply with CBK’s cybersecurity guidelines. As cyber threats such as phishing, ransomware, and AI-driven attacks become more frequent and complex, the need for advanced defences has become critical.
Experts urge banks to invest in AI-powered security tools and establish Security Operations Centres (SOCs) to enable continuous monitoring and faster response to incidents. As more operations move to the cloud, robust encryption, multi-factor authentication, and regular security audits are essential.
A study by the Kenya ICT Action Network (KICTANet) highlights the importance of a human-centric approach to cybersecurity, encouraging strategies that protect both digital infrastructure and human rights.
Closing the skills gap and modernizing systems will be key to securing Kenya’s financial sector as it continues its digital transformation
