Kenyan banks lose $0.86 million to hackers

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 East African 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,” report said.

The hackers are also reported to have stolen $910,000 in the third week of June from a second bank through its internet banking system, but the bank managed to recover $500,000.

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