• Kenya central bank launches cybersecurity center for banking sector

• BS-SOC to handle threat intel, forensics, incident response

• Move follows sharp rise in cyber fraud, $14.7M exposed in 2024

The Central Bank of Kenya (CBK) announced on Monday, September 22, 2025, the establishment of the Banking Sector Cybersecurity Operations Centre (BS-SOC) to strengthen the financial system's resilience against rapidly evolving cyber threats.

"The successful implementation of this initiative requires the full collaboration and cooperation of all stakeholders. This partnership is imperative to enhance the resilience of the banking sector against the significant and persistent challenges posed by sophisticated cyber threat actors," the Central Bank said in a statement.

The BS-SOC is integrated into the CBK’s Cyber Fusion Unit and will provide essential services, including threat intelligence, incident response, digital forensics, and cyber investigations.

All regulated financial institutions, encompassing commercial banks and payment service providers, must now report security incidents within prescribed timelines. They must also comply with existing directives and new 2024 requirements concurrently, pending the full harmonization of the regulatory framework.

The center aligns with the 2024 Critical Infrastructure and Cybercrime Regulation and the CBK’s 2024–2027 Strategic Plan. The move follows a sharp rise in cyberattacks targeting the country's financial ecosystem.

In its Financial Sector Stability Report published in August 2025, the Central Bank noted that reported bank fraud cases more than doubled in 2024, rising from 153 to 353. The value exposed reached 1.9 billion Kenyan shillings ($14.7 million), while actual losses nearly quadrupled, hitting 1.5 billion shillings.

By creating the dedicated operational center, the CBK aims to enhance the country’s ability to counter intrusions, limit financial losses, and restore public trust in the banking system. The BS-SOC is also expected to foster increased cooperation among banks, payment service providers, and regulatory authorities, contributing to the overall stability and security of Kenya's financial sector.

Samira Njoya