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Family Bank issues statement after hackers stole billions from top banks

Bank reveals the truth on the matter

A Family Bank branch in Mombasa

Family Bank on Friday disassociated itself from the claims that it lost money after 130 people were identified to have been involved in hacking of several banks.

The bank, through the acting MD and Chief Financial Officer Charles Njuguna, issued a statement and explained that the unlawful transactions were noticed and dealt with.

“These were promptly blocked by our secure I.T. system.


“After swift internal investigation by our team, we were quickly able to identify (the) perpetrators,” remarked Njuguna.

The DCI had claimed that the commercial bank might have lost money worth Sh300 million to hackers.

Two suspects, Martin Machere Karuri and Reuben Tum had been charged on Thursday of several counts of stealing, electronic fraud, handling stolen property and conspiracy to steal.

Karuri was accused to have changed data in Family Bank’s main system through interfering with prepaid card balances of 22 clients.

Suspects wanted


Last Wednesday , DCI boss George Kinoti, had published posters with the faces and names of 130 suspected fraudsters wanted by the police.

Police reports had revealed that withdrawals were made from automated teller machines (ATMs) which were miles away from the affected banks, highlighting the wide reach of the racket.

Further reports had indicated that the amounts stolen from banks through cybercrime had risen over the years, from Sh14 billion in 2015, Sh17 billion in 2016 and Sh21 billion in 2017.


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