Banks warn Kenyans against using public WiFi for E-banking
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Banks warns Kenyans against using public WiFi for E-banking as it offers hackers loophole for executing cyber-attacks
Banks warns Kenyans against using public WiFi for E-banking as it offers hackers loophole for executing cyber-attacks.
Kenyans have been cautioned against using e-banking and mobile banking services via public WiFi.
One of Kenya’s well-known banks issued a message alerting citizens to the risks posed by WiFi.
According to the bank, the most typical entry point for hackers to carry out cyberattacks is public WiFi.
The use of mobile banking as the primary method of conducting bank transactions has increased among Kenyans, who now prefer the service.
Six out of ten bank customers prefer mobile banking over other ways to obtain bank services, according to a customer satisfaction survey conducted by the Kenya Bankers Association (KBA) in 2022.
Banks in Kenya have boosted security in their mobile banking apps in response to the growing popularity of mobile banking in order to safeguard customers’ accounts and other private data.
A bank account can be compromised despite all the precautions banks take to protect customer data if a customer is careless and uses a public internet connection.
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Kenyan cybercriminals go onto public WiFi to steal private information using a combination of technological know-how and free software.
When hackers take over your account, they take personal data as well as banking information.
The stolen data is then used to make unauthorized transactions from the targeted bank account.
In the recent past, cases of Kenyans losing millions in the hands of such hackers have been on the rise.
In May 2018 the Kenyan government signed the Computer and Cyber Crime Act into law to counter rising cyber threats.
According to the Act, hacking can attract a jail sentence of up to 20 years or a fine not exceeding Ksh10 million or both.
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