{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.text}}
In this issue
Strengthening cybersecurity in Rwanda’s SACCOs amid digital transformation
Rwanda’s rapid digital transformation in the financial sector has positioned Savings and Credit Cooperatives (SACCOs) as key drivers of financial inclusion, especially in underserved communities. However, this progress brings heightened cybersecurity risks that threaten the integrity and sustainability of these institutions. This article examines the vulnerabilities SACCOs face from supply chain dependencies and outdated systems to limited IT capacity and why they are prime targets for cybercriminals. With sensitive financial data and trust-based member relationships at stake, breaches can lead to financial loss, reputational damage, and regulatory penalties.
Drawing on findings from INTERPOL and Rwanda’s National Money Laundering Risk Assessment, the article highlights the growing threat of cybercrime in Africa and its impact on SACCOs. To mitigate these risks, SACCOs must adopt robust cybersecurity strategies aligned with national directives and international frameworks such as ISO/IEC 27001 and the NIST Cybersecurity Framework. Key imperatives include zero-trust architecture, continuous monitoring, incident response planning, and collaboration with regulators for threat intelligence sharing. Cybersecurity is no longer a technical concern but a fundamental business priority. By embedding it into their operations, SACCOs can safeguard member assets, maintain trust, and support Rwanda’s vision for a resilient, inclusive digital economy.
{{filterContent.facetedTitle}}
{{contentList.dataService.numberHits}} {{contentList.dataService.numberHits == 1 ? 'result' : 'results'}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Follow us
