Kenya, Jan 21 – Kenya’s bank, National Bank of Kenya has confirmed that fraudsters have stolen Sh29 million in a suspected hacking incident that took place earlier this week.
The bank, in a statement noted that the attempted fraud happened on the 17th January.
“…but the bank’s monitoring and security resources frustrated the attempt. The amount of attempted fraud is about 29 million and we have confidence that we will recover all the cash,” read the statement.
It however went to assure its customers, saying that their accounts have not been affected.
Financial institutions have stepped up war on fraud and are heavily investing transactions as well as internet banking in a bid to minimize fraud.
Data from Kenya National Bureau of Statistics (KNBS) and the Communications Authority (CA) shows that the country has lost close to $ 174,240,000 (Sh18 billion) to cybercrime in 2016.
By Yvonne Kawira