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Regulator raises alarm over Christmas hacking of saccos
The 2022 Sasra report revealed that the Sacco Societies Fraud Investigations Unit, which investigates fraud in the sacco sector, handled cases involving Sh232.5 million in the past two years.
Saccos regulator has sounded the alarm over hacking threats to cooperatives and members' accounts during the three coming long weekends and Christmas holidays amid a surge in mobile banking heists.
The Sacco Societies Regulatory Authority (Sasra) has warned that cybercriminals have developed a pattern of striking when savings and credit cooperatives (saccos) operate with minimal staff presence, exposing digital banking systems to a higher risk of theft.
