You hit the nail on the head. Most good accounts have relationship Managers. I doubt they would just sit there and watch a fat account being decimated.Regards_______________________________________________On Mon, 30 May 2022, 5:05 pm Alex Watila via KICTANet, <kictanet@lists.kictanet.or.ke> wrote:_______________________________________________Good afternoon,
The Kenya Bankers Association and the Telcos are conveniently avoiding the evidence that most of these frauds involve insiders
Without dealing with the insider threats in the banks and telcos the frauds will continue
At the moment they have just identified the sim swap vulnerabilities (actually some of the international banks have made 2FA mandatory and are using Authentication apps that are not based on your sim)
Regards,
Consultant
ICT4D
Information Security Management Systems
From: KICTANet <kictanet-bounces+awatila=gmail.com@lists.kictanet.or.ke> On Behalf Of David Indeje via KICTANet
Sent: Monday, May 30, 2022 10:59 AM
To: Alex Watila <awatila@gmail.com>
Cc: David Indeje <davidindeje@gmail.com>
Subject: Re: [kictanet] Sim card swap: How Farah Bashir lost Sh2.6m to fraudsters in hours
Dear Listers,
These cases are emerging at an alarming rate. Indeed, the Kenya Bankers Association says consumer education will play a central role in addressing emerging security challenges. The association cites cases of phishing emails, and malware attacks, to have scaled up in tandem with the enhanced uptake of internet and mobile transaction platforms.
“A study paper on human-centered cybersecurity: Kenyan Fintech sector,” prepared by KICTANet, in collaboration with Trust4Cyber Flagship Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, says emerging threats in Kenya are organized crime, exporting cybercriminals to the East African region. https://bit.ly/3vBc5SA
Kind Regards,
David Indeje
_____________________________________
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KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
KICTANet - The Power of Communities, is Kenya's premier ICT policy engagement platform.
