Photos of 130 suspects sought  over electronic fraud and hacking released.

Photos of 130 suspects sought over electronic fraud and hacking released.

BY JOAN WANJIKU,NAIROBI,30TH JAN 2019-The Directorate of Criminal Investigations has released photos of 130 suspects sought over electronic fraud and hacking into bank systems.

According to DCI boss George Kinoti, warrants of arrest for the suspects have been issued by the Chief Magistrate’s court in Kiambu and Nairobi’s Milimani and is now urging members of the public to volunteer information about the suspects.

The fraud is said to have led to the loss of colossal sums of money from banks and other financial institutions – and sometimes involved insiders.

The suspects’ pictures are circulated in the daily newspapers.

“Any person with information to contact DCI headquarters -ECCU section, the nearest police station, call or SMS 0772 627 435, 020 334 3412, 020 286 1097 or email us on eccu-cyber@outlook.com,” DCI Kinoti stated .

In 2018, Kenyans lost millions of shillings to hackers and this did not spare financial institutions.

In early 2018, the National Bank of Kenya admitted losing Sh29 million in a fraud attack.

Police records indicate that financial institutions lost Sh17 billion to the fraudsters in 2016, an increase from Sh14 billion in 2015.

It is to this effect that the Central Bank of Kenya issued a Guidance Note on Cybersecurity in 2017 aimed at addressing the risks posed to business continuity and the associated reputational risk arising from the increasing digitization of financial services, .

The note set out the regulatory standards to industry participants on assessment and mitigation of cybersecurity threats.

Under the regulations, banks were required to create safer and more secure cyberspace that underpins information system security priorities, to promote stability of the Kenyan payment system sub-sector, establish a coordinated approach to the prevention and combating of cybercrime, up-scale the identification and protection of Critical Information Infrastructure (CII) among others.

They are also supposed to promote compliance with appropriate technical and operational cybersecurity standards in order to help maintain public trust and confidence in the national payment system.

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