East African financial systems are increasingly vulnerable to cyber threats due to rapid technological adoption and a lack of standardised cybersecurity practices. A mixed-methods approach combining quantitative surveys (n=500) and qualitative interviews (n=20), with statistical analysis using logistic regression models to assess threat frequency and severity. Botswana's financial sector reported a higher incidence of cyber attacks compared to other countries, with an estimated 42% experiencing at least one breach in the past year, while Tanzania showed lower attack rates but significant financial losses from fraud. Mitigation strategies vary by country, emphasising the importance of regional collaboration and tailored cybersecurity policies for effective protection against evolving cyber threats. Develop a regional cybersecurity framework based on Botswana's successful model to strengthen East African financial resilience.
Mothoagapeng et al. (Thu,) studied this question.