No company is immune to cyber crime
SEE ALSO :Top 10 social media safety tipsHe added that every data in an organisation is important to its growth and stability. Police believe cyber crimes committed in banks involve locals and foreigners working with insiders. “The first step in securing data is ensuring data is well protected because police only come in once a crime has been committed,” said a senior officer at the Cyber Crime section at the Directorate of Criminal Investigations (DCI). In cases involving cyber crime in financial institutions, detectives say transactions are illegally authorised by manipulating the systems and withdrawals done through the ATMs. Fraudsters also target individuals by manipulating systems to transfer money from mobile phone users registered on mobile money transfer. Director of Criminal Investigations George Kinoti admitted that cyber crime, particularly in financial institutions, is a major challenge and has vowed to eliminate it. Latest statistics show more than Sh25 billion was stolen from banks in cyber-related crimes in 2018, which is higher than 2017 when Sh21 billion was stolen. Some Sh14 billion was stolen in 2015 and Sh17 billion in 2016.
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