Fraud Awareness Week 2025: How Fraud in Onboarding Occurs in KYC KYB
The Hidden Enemy: Fraud in Onboarding Process According to recent data from the Central Bank of Kenya, fraud losses in the banking sector alone surged to KSh 1.6 billion in 2024, a massive jump from KSh 412 million the previous year. But this number only scratches the surface. When you factor in the hidden costs like reputational [...]