Card fraud eclipses mobile scams as Kenyan banks lose Sh1.9 billion in 2025
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Kenyan banks faced a record loss of Sh1.9 billion to fraud in 2025. Data from the Central Bank shows that card-related scams are now the primary source of stolen money. These losses have surpassed the amount lost to mobile scams.
Kenyan banks reported a record Sh1.9 billion loss to fraud in 2025, with card‑related scams now the biggest source of stolen funds, according to Central Bank data.