MINISTRY OF INFORMATION COMMUNICATIONS AND TECHNOLOGY KEY BENEFITS The Government of Kenya expects to see considerable benefit from the development of a holistic national cybersecurity strategy. These benefits will be realized, not only within ICT circles, but across social and economic areas by all Kenyans. These benefits clearly impact and improve the Pillars of Growth established by Kenya Vision 2030: The Economic Pillar, The Social Pillar, and The Political Pillar by directly supporting the goals of increasing prosperity, improving the quality of life, and moving to the future as one nation. Benefit Area Private Sector Growth Details of Benefits Resulting from Improved Cybersecurity ■■ Added e-commerce applications due to a more secure environment ■■ Growth in the quantity of e-commerce transactions ■■ Lower business risk and uncertainty ■■ More competition among firms as secure e-commerce grows ■■ Financial sector growth as the number of financial transactions grow ■■ More sustainable economic growth through sustained security and increased confidence in e-commerce ■■ Through e-markets, suppliers are able to interact and transact directly with buyers, thereby eliminating the costs related to intermediaries and distributors. Businesses can increase revenues and margins Greater Cooperation with Relevant International Organizations February 2014 ■■ Increased incentives to participate in the formation of international rules, including intellectual property rights, contract law, electronic signatures and authentication, consumer protection, jurisdiction and others; secure electronic commerce issues are addressed in international for a such as WIPO (World Intellectual Property Organization), UNCITRAL (United Nations Commission on International Trade Law), the Hague Conference on Private International Laws, ISO (International Standard Organization) including COPOLCO (Consumer Policy Committee), OECD and others 9