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Cybercrime costs Kenya $20 million annually: Report

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A new report by risk consultancy firm Control Risks East Africa has found that cybercrime costs Kenya an estimated 2 billion Kenyan shillings ($20 million) annually, reported Capital FM Kenya.

"East African organizations are fast becoming a target for attacks" despite the perception that cyber attackers only target developed markets, said the report.

Governments and telecommunications are the top target sectors for cyber attacks in East Africa, added the report.

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