In today’s digital age, cybersecurity is no longer optional it’s essential to business survival. From mobile payments and online banking to healthcare systems and customer data, technology drives almost every part of modern enterprise. Yet with every innovation comes new risk. Cyberattacks are rising fast, threatening not only systems but also trust, reputation, and livelihoods.
In Kenya, the numbers are alarming over 4.5 billion cyber threat events were detected between April and June 2025 alone. Recognizing this urgent challenge, NCBA Insurance took a bold step by hosting the first-ever Insurance Cyber Conference in Kenya this October, bringing together industry leaders, regulators, and technology experts to shape a stronger, safer digital future for the region.
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Today, almost every part of business depends on technology. From payments and customer data to communication and operations. But as technology grows, so do the risks. Cyberattacks have become more frequent and more complex, affecting not just systems but also people’s trust and livelihoods. Staying protected is now a key part of running a successful business.
Globally, the cost of cybercrime is expected to hit $10.5 trillion in 2025, with industries like banking and healthcare facing the biggest losses. Kenya hasn’t been spared either. Between April and June 2025 alone, over 4.5 billion cyber threat events were recorded, an 80% jump from the previous quarter. These numbers show why it’s important for organizations to act fast and strengthen their defenses.
In this regard, NCBA Insurance hosted the first-ever Insurance Cyber Conference in Kenya earlier in October 2025. The event brought together insurers, regulators, banks, and tech experts to discuss how to build stronger digital resilience. It also marked an important step in positioning Kenya as a leader in cyber preparedness across the region.
The conference focused on several key themes. From the role of leadership in protecting data and trust, to the rising cases of cyberattacks like phishing and deepfakes. Speakers also shared insights on the technology and strategies businesses can use to reduce risk and recover faster when incidents happen.
A major takeaway was the growing role of cyber insurance in helping businesses stay resilient. NCBA Insurance is currently the only insurer in Kenya offering cyber insurance as a core product. Their cover includes financial protection, quick response, data recovery, and crisis communication support, giving businesses both confidence and peace of mind when facing cyber threats.
The NCBA Insurance Cyber Conference 2025 reminded everyone that cyber security is not just a tech issue, it’s a collective effort. Protecting Kenya’s digital future will take strong partnerships between businesses, regulators, and innovators. Events like this help create awareness, spark collaboration, and move the country closer to a safer, more resilient digital economy.
