A new report has revealed that mobile money dominates Kenya’s fraud landscape, emerging as the leading channel exploited by criminals to con unsuspecting Kenyans out of their money.

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The findings are contained in a report by the National Computer and Cybercrimes Coordination Committee (NC4) obtained by Kenyans.co.ke on August 24, detailing the most common fraud schemes and channels used in the country.

According to the report, mobile money fraud accounted for 18.6 per cent of all cases recorded, making it one of the most prevalent forms of fraud targeting Kenyans.

Mobile money platforms also emerged as the preferred destination for illicit funds, featuring in 51 of the 102 reported cases reviewed in the report.

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That works out to exactly half of all documented fraud cases in the first six months of 2026, showing just how central phone-based transactions have become to criminal operations.

On the other hand, investment and forex schemes followed closely behind mobile money fraud, accounting for 16 cases, translating to 15.7 per cent of the total cases documented by the committee.

Cryptocurrency-related scams came in third, with 12 recorded cases representing 11.8 per cent, a figure that mirrors crypto's growing footprint as both a fraud scheme and a payment channel.

Account takeover and impersonation cases followed with 10 incidents, making up 9.8 per cent, while online shopping fraud trailed slightly with nine cases at 8.8 per cent of the total.

Fake websites and phishing attempts accounted for eight cases, representing 7.8 per cent, as criminals increasingly rely on cloned platforms to trick Kenyans into surrendering personal details.

Impersonation targeting brands, individuals, and government agencies made up seven cases at 6.9 per cent, while advance fee schemes, where victims pay before receiving promised benefits, recorded six cases at 5.9 per cent.

📰 Source: Kenyans.co.ke