The Central Bank of Kenya (CBK)will start monitoring mobile money transaction in its quest to fight cyber crime related cases. Although there haven't been many reported hacking cases in the current money transfer platforms, there is a growing need to secure the platforms due to the growing use of the services.

Mobile phone use is Kenya is estimated to be now standing at 70% . A 2010 report  on mobile money by CBK notes that the four mobile operators in Kenya had enrolled more than 15 million operators.

Information permanent secretary Bitange Ndemo says the number of hacking cases has been increasing steadily and that called for a quick measure to protect consumers from losing their money.

"With the increasing hacking cases in the cyber space, the mobile phone cannot be ruled out and that is why my ministry is working with CBK to put measures in place to prevent losses before it is too late." Ndemo said.

Many small scale businesses and individuals rely heavily on mobile money transfer to carry out daily transactions. Safaricom, through its mobile money service M-Pesa transacted Shs 727.8 billion in 2010 amounting from over 305 million transactions.