KCB Bank Profits Up

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KCB Bank Profits Up

Special Correspondent - May 17, 2018

KCB Group #ticker:KCB posted a 14.1 per cent net profit rise in the first quarter ended March buoyed by increased lending. Kenya’s biggest bank said...

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Since late August 2025, the Kaspersky Global Research and Analysis Team (GReAT) (www.Kaspersky.co.za) has been observing a new malicious campaign leveraging a stealer — a type of malware designed to steal passwords and other account information. The StealC v2 infostealer is being spread through Facebook messages. More than 400 incidents have been identified to date, targeting users across multiple countries, including confirmed cases in Kenya, Angola, Ethiopia, Niger, Uganda and Zambia, among other African* countries. As part of this attack, Facebook users receive messages containing a link disguised as a notification that their account has been blocked. Clicking the link opens a fake support page claiming that the user’s account has been blocked due to suspicious activity. To “restore access,” users are prompted to use the “Appeal” button, which initiates the download of a malicious script that installs the StealC v2, a dangerous malware offered under a Malware-as-a-Service model, on the victim’s device. The malware itself steals passwords, cookies, screenshots, as well as cryptocurrency wallet data. “Cybercriminals often exploit users’ fear of losing account access and a perceived sense of urgency. This pressure can lead individuals to act without caution, increasing the risk of infection by malware such as StealC v2. Users should remain vigilant and always verify the authenticity of messages before clicking any links,” comments Marc Rivero, lead security researcher at Kaspersky's Global Research and Analysis Team. StealC v2, first observed in 2025, significantly enhances the malware’s capabilities and elevates the risk to both individual and corporate users. The original StealC, which emerged in 2023 on dark web platforms, quickly became a sought-after tool among cybercriminals thanks to its accessibility, capabilities and ease of access. To be protected from phishing, Kaspersky recommends corporate and individual users: Practice caution when clicking links. Sometimes emails and websites look just like real ones. It depends on how well the criminals did their homework. But the hyperlinks, most likely, will be incorrect, with spelling mistakes, or they can redirect you to a different place. Look out for urgency or threats. Phishing attempts frequently try to create a sense of urgency or fear. Be cautious of emails demanding immediate action, such as changing a password or providing personal information. Verify unsolicited messages, calls, or links, even if they appear legitimate. Never share 2FA codes. Use Kaspersky Next (https://apo-opa.co/42lrs13) (in corporate environments) or Kaspersky Premium (https://apo-opa.co/4nr4ga5) (for individual use) to block phishing attempts.

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“The plant is offered for sale on an ‘as-is, where-is’ basis, either as a going concern or as an asset acquisition,” the notice stated. Sasini did not disclose reasons for the planned sale. The firm ventured into avocado farming between 2017 and 2020 as part of efforts to diversify beyond its core tea and coffee businesses. The development comes as Sasini returned to profitability in the financial year ending September 2025, posting a net profit of Sh188 million compared to a loss of Sh562.9 million a year earlier. The sale could reshape the company’s agribusiness portfolio as it reassesses investments within the horticulture segment.

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Binance (https://www.Binance.com), the world’s leading cryptocurrency exchange, highlights the progress it continues to make in strengthening compliance and regulatory excellence, reinforcing its role as a pioneer in building a safer and more transparent crypto industry. Over the past years, Binance has invested significantly in enhancing its global compliance framework by expanding its teams, systems and controls that align with evolving regulatory expectations across its key markets. These ongoing efforts are designed to support responsible innovation while ensuring that user protection, financial integrity and market transparency remain at the core of the platform’s operations. Leading with Robust Compliance Measures Binance has implemented a multi-layered compliance program that includes advanced transaction monitoring, stringent Know Your Customer (KYC) protocols, and continuous enhancements to its anti-money laundering (AML) systems. These efforts are designed to protect users, prevent illicit activities, and ensure adherence to evolving regulatory requirements across jurisdictions. Building the Future of Crypto with Advanced, Measurable Compliance Over the past several years, Binance has built one of the most robust compliance programs in the digital-asset industry, combining world-class talent, advanced monitoring technology, and strong partnerships with regulators, law-enforcement agencies, and independent analytics providers. These programs include rigorous onboarding and KYC controls, sophisticated transaction monitoring systems, sanctions screening, behavioral analytics, and a dedicated global compliance team of more than 580 professionals, supported by more than 970 employees in compliance-related roles across customer-service, technology, and product teams. The results of these efforts are measurable: Binance’s direct exposure to illicit activity has dropped by 96% between January 2023 and June 2025, while its capacity to detect, report, and help disrupt financial crime continues to grow. Specifically, sanctions-related exposure reduced dramatically and is now marginal (from 0.284% in January 2024 to just 0.009% in July 2025, a 96.8% decrease). This progress reflects daily collaboration with authorities, independent research, and the lived experience of serving over 300 million users safely, demonstrating how modern crypto compliance works in practice and underscoring Binance’s ongoing commitment to transparency, regulatory excellence, and a safer financial ecosystem. Noah Perlman, Binance Chief Compliance Officer, "At Binance we’ve built a system that doesn't just react to threats, it anticipates them. A 96% reduction in illicit exposure is a testament to our infrastructure and the 1,500+ professionals working behind the scenes to protect our 300M users." Driving Industry-Wide Standards Binance’s leadership team emphasizes that compliance is a shared responsibility and that the company actively engages with regulators, policymakers, and industry partners to foster a collaborative environment. This engagement helps shape balanced regulations that support innovation while safeguarding users and the broader financial system. Transparency and User Protection Transparency remains a cornerstone of Binance’s compliance philosophy. The company regularly publishes updates on its compliance initiatives and welcomes dialogue with the community and regulators. By maintaining high standards, Binance ensures that users can trade with confidence on a platform that prioritizes security and integrity. National Cybercrime Units Collaborations Binance responds to tens of thousands of law-enforcement requests each year. In 2025 alone, Binance responded to more than 71,000 law enforcement requests and assisted in confiscating over $130 million in illicit funds. Binance supports agencies such as Europol (https://apo-opa.co/4coJAx9), INTERPOL (https://apo-opa.co/4b0FCIt), the DEA, the NCA, Homeland Security Investigations, and multiple national cybercrime units. These collaborations have resulted in the takedown of ransomware groups, darknet markets, human-trafficking networks, and financial-fraud rings. The value of our work has been repeatedly recognized by our global law-enforcement partners. Richard Teng, Binance co-CEO, "Our mission has always been to increase the freedom of money, but that freedom is only sustainable if it is built on a foundation of trust. By integrating compliance into our product DNA, we are proving that the world’s largest exchange can also be the most secure." Binance remains committed to building a secure, transparent, and trusted platform through ongoing investment in compliance, strong global partnerships, and independently validated results. Since its launch in 2017, Binance has focused on protecting users and supporting the responsible growth of digital finance, with measurable progress recognised by law-enforcement agencies and regulatory stakeholders worldwide.

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Tag: Kcb group

KCB Bank Profits Up

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