Investigations have revealed that Barclays Bank’s Sh 14 million ATM money heist was an inside job.
According to Director of Criminal Investigations George Kinoti, the probe is almost complete.
On Tuesday evening, Flying Squad officers were searching for a Toyota Probox caught on camera with three men believed to be the cybercriminals who stole more than Sh11 million from four ATMs in Nairobi.
The details emerged as police uncovered the sophisticated technology the criminals used to empty the ATM machines.
This loss and the possibility of others could turn into a nightmare for the banking industry in Kenya.
Already, banks are grappling with online hacking that is estimated to have cost the Kenyan economy more than Sh20 billion in 2017 alone.
The high-tech crime known in cybercrime lingo as ATM jackpotting has been used to steal more than Sh100 million in the US over the last one year.
The Barclays heist was the first major case of ATM jackpotting in Kenya since the crime hit the US last year, the police say.