By BRIAN NGUGIMore by this AuthorNational Bank of Kenya (NBK) on Friday said it had stopped an attempted multimillion shilling cyber transfer of deposits to mobile money accounts, a technique at the heart of massive bank theft locally and internationally. NBK chief executive Wilfred Musau said the mid-tier lender caught the attempt quickly enough to halt movement of funds by the criminals. He said customer accounts were not affected in the attempted heist but did not clarify whose accounts had been affected. “Security forces are in pursuit of the fraudsters and investigations are ongoing, customer accounts have not been affected,” he said. The most popular part of the new apps USSD code transfers from bank account to mobile accounts given that the later has over 28.2 million active users.

Source: Daily Nation January 19, 2018 15:45 UTC