Cyber Threats Facing Botswana's Financial Sector

Overview

Botswana's financial sector faces an increasingly sophisticated threat landscape. The period 2020–2025 has seen a significant increase in cyber attacks targeting African financial institutions, with Botswana's growing digital economy making it an attractive target.

Top Threats by Frequency (2023–2025)

Threat Actors Targeting Botswana Banks

1. Organised cybercrime groups — primarily financially motivated, often from Eastern Europe, West Africa, and Asia
2. Insider threats — employees with access to systems and customer data
3. Nation-state actors — targeting financial infrastructure for intelligence
4. Opportunistic hackers — exploiting known vulnerabilities
5. Fraud networks — coordinated groups running SIM-swap