CBK Report: Kenyan Banks lost Ksh1.9B to fraud in 2025
Kenyan banks lost Ksh1.9 billion to fraud in 2025, marking a 19.4 per cent increase from the Ksh1.59 billion recorded in the previous year, according to a new report by the Central Bank of Kenya (CBK). The losses come amid growing cyber threats targeting financial institutions and customers, with fraudsters increasingly exploiting digital payment platforms, […]
The Central Bank of Kenya (CBK) reported that Kenyan banks suffered a Ksh1.9 billion loss due to fraud in 2025, marking a 19.4% increase from the previous year's Ksh1.59 billion. The report, released in October 2026, highlights the surge in cyber threats targeting financial institutions and customers, with criminals increasingly exploiting digital payment platforms, mobile banking services, and online transactions to steal money.
Reported banking fraud cases rose from 353 in 2024 to 385 in 2025, while the amount exposed to fraud increased to Ksh2.03 billion from Ksh1.96 billion. Card fraud was the category with the sharpest increase in actual financial losses, with banks losing Ksh645.19 million in 2025, compared to Ksh263.28 million in 2024.
Brief written by urgent.news from People Daily Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
