banking security - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Cyber fraud lessons Kenya can learn from other countries

Sacco ReviewOctober 28, 2026010 mins

Singapore, the UK and Australia offer lessons in tackling rising cyber fraud. Stronger bank coordination and real-time transaction monitoring could help prevent losses. Clearer reimbursement rules and faster responses could strengthen customer protection in Kenya. Kenya’s banks lost approximately Ksh1.59 billion to reported fraud in 2024, yet other countries show that coordinated action can limit…