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Business Daily·3 min read·medium

DTB, Safaricom to pay client Sh4.4m for fraud loss

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Sam Kiplagat
DTB, Safaricom to pay client Sh4.4m for fraud loss
✦AI Summary

A Kenyan High Court has held Diamond Trust Bank and Safaricom jointly liable for a SIM-swap fraud that cost a customer Sh4.4 million. The court ruled that both institutions failed in their duty of care by ignoring suspicious activity and failing to protect the client's data.

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Diamond Trust Bank (DTB) and Safaricom have been jointly held responsible for a SIM-swap fraud that saw a customer lose Sh4.4 million. A court ruled that both institutions failed in their separate duties to protect the client from the fraud.

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DTB, Safaricom to pay client Sh4.4m for fraud loss — Headlinne — headlinne