Equity Bank, a leading financial institution in Kenya, has been the victim of a significant cyber heist, resulting in a loss of approximately KES 282 million ($2.1 million). According to a detailed report by the African news platform techcabal, the heist was orchestrated by an insider—a bank staff member collaborating with external accomplices. techcabal shed light on the heist and said it involved a "card-not-present" scam utilizing stolen card details.