[kictanet] Sim card swap: How Farah Bashir lost Sh2.6m to fraudsters in hours
awatila at gmail.com
awatila at gmail.com
Mon May 30 16:56:34 EAT 2022
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
<https://advisera.com/27001academy/#a_aid=621f58ced9bb1&a_bid=f79f3b0b> Quality Management Systems
<https://advisera.com/27001academy/#a_aid=621f58ced9bb1&a_bid=f79f3b0b> Information Security Management Systems
From: KICTANet <kictanet-bounces+awatila=gmail.com at lists.kictanet.or.ke> On Behalf Of David Indeje via KICTANet
Sent: Monday, May 30, 2022 10:59 AM
To: Alex Watila <awatila at gmail.com>
Cc: David Indeje <davidindeje at 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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