Wednesday
July 18
2018

Two Kenyan banks lose $0.86 million to hackers in a month

By Allan Olingo

Kenyan banks are believed to have lost at least $860,000 to hackers in the past one month, which has seen two lenders temporarily terminate their mobile and online banking services.

The EastAfrican has learnt that one of the banks was last hit month hit as hackers, who attempted to move $1 million from its systems. The bank managed to recover $630,000. It was targeted again last week with a $120,000 hit, of which it has recovered only half.

“These monies were moved out via the mobile money and the online platform that have since seen the services temporarily suspended as the bank does a systems audit and upgrade,” The EastAfrican was told.

Photo courtesy of Remko van Dokkum.

Source: The East African (link opens in a new window)

Categories
Finance
Tags
banking, financial services, fintech, mobile banking, mobile finance, mobile money