📰 News14 July 2026·3 min read·
Kenyan court holds banks, telcos liable over $34,000 SIM swap fraud
Source: TechCabal
A Kenyan court ruled that Diamond Trust Bank and a telecom operator are liable after fraudsters used a SIM swap to drain KES 4.4 million ($34,000) from a customer's account overnight. The landmark ruling strengthens consumer protection in African digital finance.
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