INTERPOL Arrests Kenyans Involved in KSh 1.1bn Credit Card Fraud
[...]According to the latest TransUnion report, Kenya had the 10th highest rate of suspected Digital Fraud in the first half of 2024 out of the 19 countries and regions they analysed. About 4.6% of all attempted digital transactions where the consumer was located in Kenya were identified as suspected Digital Fraud.
Credit card fraud is a prevalent headache for the financial sector. Fraudsters steal the credentials of card owners in many ways and access their accounts. The two main ways they accomplish this are through account takeovers and application fraud.[...]
https://kenyanwallstreet.com/i....nterpol-arrests-keny
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