Kenyan Banks Under Constant Fraud Threat
- Publisher:
- NTVKenya
- Publication Date:
- 14 December 2011
- Tags:
- Kenya, Banking and Insurance, Corruption
Banks will continue to lose billions of shillings annually in fraudulent payments, if adequate measures are not put in place to curb banking fraud. Information Ministry Permanent Secretary Bitange Ndemo says that most of the hacking is internal, done by people who have more knowledge of the systems. He was speaking at an annual two-day conference on banking Security, which brings together ICT Sector players to discuss ways of curbing baking fraud.
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