{
  "id": 18444639,
  "title": "CBK Report: Kenyan Banks lost Ksh1.9B to fraud in 2025",
  "url": "https://urgent.news/2026/11/06/cbk-report-kenyan-banks-lost-ksh1-9b-to-fraud-in-2025",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T05:04:51.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/cbk-report-kenyan-banks-lost-ksh1-9b-to-fraud-in-2025"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}