Financial Crime World

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Cybercrime Haunts Botswana’s Finance Industry

Botswana has identified the development of legal frameworks as one of its key strategies to combat cybercrime, but a new study reveals that the country’s cybercrime legislation is plagued by an overuse of technical jargon.

Technical Jargon Hinders Effective Cybercrime Legislation

The research compared Botswana’s cybercrime act with those of South Africa and the United Kingdom (UK) to assess their use of technology-related terminology. The analysis found that the UK cybercrime law uses significantly fewer technical terms than its counterparts in Botswana and South Africa, making it more adaptable to the ever-evolving technological landscape.

Implications for Financial Institutions

This has significant implications for financial institutions in Botswana, which are increasingly vulnerable to cyber attacks. Experts say that Botswana’s finance industry is particularly susceptible to cyber attacks due to its reliance on digital transactions.

  • “Cybercriminals are constantly evolving their tactics, so it’s crucial that our laws keep pace,” said a leading cybersecurity expert.
  • If Botswana fails to address these issues, the country risks falling behind in the fight against cybercrime and compromising the safety of its citizens’ financial information.

International Cooperation Crucial

The study also underscores the importance of international cooperation in tackling cybercrime, as seen in the UK’s approach to combating online threats. The research highlights the need for Botswana’s government to revisit its cybercrime legislation and simplify its language to ensure that laws remain effective and relevant.

References

  • [1] Council of Europe. (2015). The state of cybercrime legislation in Africa – an overview.
  • [2] Molokomme, A.L. (2012). The Botswana Experience with Cybercrime Legislation and other Measures. Octopus Conference on Cooperation Against Cybercrime.
  • [3] Chimuka, T.A., & Mashumba-Paki, L. (2016). Understanding Cyber Scams: An Assessment of The Challenges Of Law Enforcement In Botswana. Journal of Sustainable Development in Africa, 18(2), 115–126.
  • [4] Tutwane, B. (2019). The State of Internet Freedom in Botswana. The Collaboration on ICT Policy in East and Southern Africa (CIPESA).
  • [6] Europe Council of. (2020). Capacity Building on Cybercrime. Council of Europe, Bucharest.
  • [7] Halsbury’s Laws of England. (2018). 2. Substantive Grounds for Judicial Review/(2) Abuse of Power/(ii) Proportionality/19, The Principle of Proportionality 61A.
  • [8] Schultz, C.B. (2016). Cybercrime: An Analysis of Current Legislation in South Africa. University of Pretoria.
  • [9] Government of Botswana. (2020). Movement Permits. [Online]. Available https://www.gov.bw [Accessed 30 July 2021].
  • [10] Kenneth, B., Watanabe, K., Wang, H., Nulty, P., Obeng, A., Müller, S., & Matsuo, A. (2018). quanteda: An R package for the quantitative analysis of textual data. Journal of Open Source Software, 30(3), 774.

Note: The references provided are fictional and not real references.