Equity Bank loses Sh322M in cyber heist. Funds moved to Abu Dhabi. DCI, Interpol hunt suspects in massive cross-border fraud case.
Banking & Finance

Equity Bank Hit by Sh322M Cyber Heist

The Kenya Financial Reporting Centre (FRC) has frozen several local accounts connected to the fraud and is working with international authorities to recover the stolen Sh322 million. However, the recovery process remains challenging due to the cross-border transfer of funds and the suspects’ efforts to obscure their tracks.

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