Unlike other types of crime, the majority of cybercrime incidents in Uganda and the East African Community go unreported, primarily due to the affected entities’ efforts to protect their reputations. Often, victims are financial institutions entrusted with safeguarding customer deposits. They are obliged to keep customer data safe. In 2022 and 2023, the reported annual costs of cybercrime, according to the Uganda Annual Police Report, were UGX 19,193,008,000 and UGX 1,165,850,696, respectively (see Figure 16). Figure 16: Cost of cybercrime in Uganda, Source: Annual reports of Uganda Police Force.  Over the years from 2016, the annual cost of cybercrime in…