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Stanbic warns bank customers of spike in midnight fraud
Many of the reported fraud cases are of social engineering, whereby customers, who use digital wallets such as bank apps, are deceived into disclosing confidential information like passwords.
Stanbic Bank Kenya has issued a wake-up call to customers about the rising wave of late-night fraud, where unsuspecting revellers are tricked into revealing their passwords.
According to the lender, many of the reported cases of social engineering, whereby customers are deceived into disclosing confidential information, occur at midnight.
