Hackers sneak into National Bank, walk away with 29 million
SEE ALSO :National bank issues profit warning“The amount of attempted fraud is about Sh29 million and we are confident we will recover most of that money,” the bank added. Financial institutions in Kenya have recently become a soft target for cyber criminals, losing Sh30 billion within two years. Police records show that the institutions lost Sh17 billion to the fraudsters in 2016, up from Sh14 billion in 2015. A report published by the Communication Authority and Kenya National Bureau of Statistics (KNBS) in 2017 showed only a mere 36.5 per cent of enterprises has an ICT security policy. In a move to cripple the morphing menace, Central Bank of Kenya (CBK) directed banks to furnish it with a cyber-security policy by the end of August 2017.
SEE ALSO :National Bank issues profit alert
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