Tanzania, April 14 -- Dar es Salaam. Bank of Tanzania (BoT) is drafting new cybersecurity guidelines for financial service providers to curb rising digital fraud risks and protect public confidence as Tanzania's digital financial ecosystem expands.

The proposed Cybersecurity Guidelines for Financial Service Providers, 2026 come amid growing concerns over cyber threats, including a recent Sh147.5 billion bank card fraud that exposed weaknesses in payment systems and internal controls across several institutions.

Issued under the Banking and Financial Institutions Act, 2006 and the National Payment Systems Act, 2015, the framework will require banks, mobile money operators and other regulated entities to strengthen governance, monitoring ...