Search Results for: Fraud
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CYBER SECURITY
Kaspersky Expands Crisis Simulation Platform With AI Fraud and Supply Chain Scenarios
Kaspersky has expanded its Interactive Protection Simulation (KIPS) platform with four new cyberattack scenarios built specifically for IT sector organisations,…
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TRENDING
Trust as Currency: Protecting Kenya’s Digital Economy from Growing Fraud
There was a time when fraud was mainly a bank’s problem. A suspicious transaction would be flagged, an account frozen,…
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News
A Policy Update Intended to Tackle Fraud Ended Up Testing Kenya’s Comfort With Expanding Identity Systems
The new Kenya SIM card registration rules landed with a technical tone, yet the reaction they drew was anything but…
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News
Visa and Mojaloop Foundation Partner to Combat Payment Fraud in Africa
Visa and the Mojaloop Foundation have announced a strategic collaboration to enhance fraud prevention in digital payments, signaling a major…
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News
CBK Digital Fraud Compensation Plan Could Finally Force Telcos and Banks to Refund Scam Victims — Whether They Like It or Not
Kenya’s fintech revolution has long been celebrated for its ingenuity — a country where almost everyone can send money across…
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News
Cyber Fraud in Kenyan Banks Surges to Sh1.59 Billion as Hackers Exploit Mobile Banking
Kenya’s reputation as a trailblazer in mobile money is under fresh scrutiny. Last year, hackers siphoned a record Sh1.59 billion…
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News
Mobile Scams Surge in Kenya as Authorities and Operators Step Up to Protect Users from Growing Fraud Threat
Mobile phones have become a lifeline for millions of Kenyans, connecting people to services, finances, and daily routines. But as…
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BUSINESS
NCBA Issues M-Shwari Loan Limit Fraud Warning Amid Rising Mobile Lending Scams
M-Shwari is cautioning its customers to steer clear of anyone promising to “unlock” or “boost” their loan limit. The mobile…
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BUSINESS
From OTP Bypass to Crypto Cash-Out: How the Kenyan Bank IT System Fraud Unfolded Without Detection
It reads like a cybercrime thriller — but for one unnamed Kenyan bank, it was a costly reality. In a…
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BUSINESS
How Digital Procurement Fraud in Kenya Is Letting Ghost Firms and Proxies Loot Billions Through County Tenders
When Kenya began transitioning to a centralized digital procurement system, it promised real-time oversight, vendor verification, and tighter anti-fraud controls.…
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CYBER SECURITY
Kenya’s Digital Trust Crisis: How Criminals Are Weaponising WhatsApp to Defraud M-Pesa Users
Kenya is rightly celebrated as a global leader in mobile money innovation. But with innovation comes vulnerability, especially when the…
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News
SIM Swap Fraud in Kenya: What Telecom Providers and Regulators Are Doing to Fight It
As mobile phone usage grows, as witnessed by the number of active mobile subscriptions in Kenya, now posited at over…
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News
71% of Kenyan Consumers Experience Digital Fraud
Digital payments firm Visa has released a new study outlining consumer awareness and proactive security measures for digital payments. According…
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News
Stay One Step Ahead of Fraud: Protect Your Finances This Festive Season
The festive season is here, bringing joy, celebrations, and increased financial activity. However, it also attracts heightened risks of fraud…
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News
Preventing Ad Fraud with the Help of IP APIs
Ad fraud has become a major challenge for digital advertisers, siphoning off billions in wasted ad spend each year. Fraudulent…
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Startups
Orca Fraud raises $550k to fight fraud in emerging markets
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud,…
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CYBER SECURITY
Fraudsters Leverage New Business Model to Expand Cryptocurrency Fraud
Sophos has revealed how sha zhu pan scammers—those conducting elaborate, romance-based cryptocurrency fraud—are leveraging a business model similar to cybercrime…
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News
Fraudulent schemes scammers run during Black Friday
As Black Friday approaches, Kaspersky has released a new report revealing the latest shopping-related cyber threats. The findings expose more…
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News
Most consumers in Kenya likely to miss common fraud warning signs, Visa study
Despite being scam-savvy, a new study by Visa has revealed that most consumers in Kenya are likely to be at risk…
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News
Smile ID H1 2023 Africa KYC Report Highlights Identity Fraud Trends and Verification Insights
Smile ID (formerly Smile Identity), the leading identity verification and digital Know Your Customer (KYC) provider in Africa, has unveiled…
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News
Tips to Keep Your Money Safe in the Era of Growing Digital Fraud
The financial sector has undergone a significant transformation over the years, owing to the rapid technological advancements. Banking, in particular,…
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BUSINESS
6 Banks sign up to Safaricom’s SIM-swap check anti-fraud solution
Safaricom has announced that it has signed up 6 banks to its SIM-Swap-Check Anti-fraud solution. The solution provides banks with…
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News
Everyone has a role to play in financial fraud
For a long time now, financial service providers have sought to redefine the customer experience in the face of 21st-century technological…
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News
Eight suspects arrested by DCI in KSh.500 million M-Pesa Fuliza fraud scheme
Detectives from the Directorate of Criminal Investigation (DCI) have arrested eight suspects in a high-profile fraud scheme where telecommunications firm…
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News
[Kenya] Government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave Inc. This is according to a new report by…
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News
Fraud attempts continue to rise in Africa, Smile Identity report reveals
A comprehensive report released by pan-African identity verification company Smile Identity has revealed that fraud rates across the continent hit…
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COLUMNS
Chris Akolo: Why online fraud is high during festive seasons and how to prevent it
Kenyan consumers have expressed a strong desire to buy more discretionary products during the festive season while coming out of…
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News
E-commerce fraud has recorded a 42% increase this festive season, report
A report by global information and consumer insights firm TransUnion has revealed that online shopping scams have increased by 42…
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News
Asset Recovery Agency drops fraud charges against Nigerian fintech Kora
Kenya’s Asset Recovery Agency (ARA) has dropped fraud charges against Nigerian fintech Kora. The startup was in July accused of…
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News
Online fraudsters using sophisticated software to access digital loans, JuicyScore
Cases of fraudsters illegally accessing digital loans from fintech platforms in Africa have been on the rise over the last…
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News
Anti-fraud & Risk Management Firm JuicyScore appoints Chris Akolo Regional Business Development Director for Kenya
After announcing its entry into the Kenyan market recently, JuicyScore has now appointed Chris Akolo as its Regional Business Development…
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Startups
Flutterwave CEO Embroiled in Bullying, Fraud Claims
A former employee of Nigerian-based payment solutions provider Flutterwave has levelled claims of bullying and fraud against company Founder and…
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News
Suspected Digital Holiday Shopping Fraud From Kenya Decreases 16.5%, report
17.5% of all global e-commerce transactions – and 3.6% of Kenyan transactions – between November 25-29 were potentially fraudulent. This…
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CYBER SECURITY
Cellulant Partners with Entersekt To Curb Digital Banking and Payment Fraud
Africa’s financial tech company Cellulant has partnered with Entersekt, a firm specializing in device identity and omnichannel authentication. The partnership…
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CYBER SECURITY
Kenya Ranked Among the Top 3 African Countries Affected by Mobile Fraud
Kenya has been ranked among the top three African countries hit by mobile fraud. According to Evina, a Paris-based cybersecurity…
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BUSINESS
Fraud in the banking industry: What are banks doing about it?
Chances are you have at least received a call once or twice from people claiming to be representatives from your…
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BUSINESS
Safaricom ups the game against fraud
Safaricom has today unveiled its new plans for tackling fraud activities on its platforms. Kenya’s largest telco reported that through…
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News
Fake mobile applications exposing Kenyans to cyber fraud, CA Report
A proliferation of mobile applications on popular online stores is exposing Kenyans to increased cyber-attacks and fraud, the latest sector…
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CYBER SECURITY
Creditinfo new solution to combat synthetic identity fraud for Kenyan mobile lending market
Creditinfo has launched a new Integrated anti-fraud solution to combat identity fraud for the Kenyan mobile lending market. According to…
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News
More collaborative efforts required to fight mobile money fraud and cyber crime, says DPP
The Director of Public Prosecution Noordin Haji has called on all stakeholders in financial institutions and banking sector to work together to strengthen…
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CYBER SECURITY
SIM swap fraud is now global threat, says Myriad Connect
SIM swap fraud has plagued mobile users across Africa for years, with Myriad Connect’s recent survey in Kenya revealing that…
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BUSINESS
Safaricom’s new measures to curb SIM fraud
Over the last few months, Safaricom has been on the spot after a number of its subscribers complained about their…
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BUSINESS
DCI George Kinoti says efforts to fight SIM swap fraud on course
The Director of Criminal Investigations George Kinoti has assured the public that the fight against Sim Swap fraud is on…
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BUSINESS
PayPal is Blocking M-Pesa Linked Accounts Over Fraud
In April this year, Safaricom announced a new partnership with the online payment service and TransferTo to allow M-Pesa customers…
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News
Myriad Connect Solutions launches in Kenya to combat mobile transaction fraud
Mobile technology solutions company Myriad Connect Solutions has launched in Kenya to combat digital transaction fraud. Unveiled yesterday, the company…
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CYBER SECURITY
Banks globally still finding it hard to manage online financial fraud
Banks and payment organizations globally are still finding it difficult to manage online financial fraud in today’s connected and complex…
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News
Jubilee Party launches Smart Card to eliminate fraud in member registration.
As smart cards become more and more globally prevalent, organizations and even governments are starting to discover a number…
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BUSINESS
NetGuardians brings anti-fraud software solutions to Kenyan banks
Recent times have seen Kenyan banks being hit by several high profile fraud cases despite the Central Bank pledging tougher…
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News
Why Digital Lending Is Becoming a Lifeline for Kenya’s SMEs
Limited access to financing continues to be one of the biggest constraints facing small and medium-sized enterprises (SMEs) in Kenya,…
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News
Visa and OpenAI Move to Build the Payment Layer for AI Commerce
Visa and OpenAI are working together on infrastructure designed to let artificial intelligence systems carry out purchases and payments within…
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News
Visa Study Reveals That 89% of Kenyans Use AI in Shopping, With Trust Driving Checkout Behaviour
Visa has published its annual Stay Secure study in Kenya, highlighting how artificial intelligence and social commerce are reshaping digital…
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News
NTSA Opens Digital Logbook Access as Vehicle Records Move Online
Vehicle ownership records in Kenya are entering a new digital phase after the National Transport and Safety Authority (NTSA) activated…
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News
MTN Hands MoMo Upgrade to Ant International as Fintech Push Deepens
MTN Group is preparing a major upgrade of its mobile money business through a partnership with Ant International, a move…
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BUSINESS
Kenya Power to Close All Payment Counters by June 2027
Kenya Power has unveiled plans to gradually phase out all remaining payment counters in its banking halls by June 2027,…
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COLUMNS
How an Automated Payment Collection System Can Help Your Business
In the current hectic digital economy, accuracy and speed are important success parameters for a business. Among the most neglected,…
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News
Kenya Turns Attention to Consumer Protection as Digital Economy Expands
The Competition Authority of Kenya is stepping up scrutiny of online markets as policymakers weigh how to protect consumers in…
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News
Signal Tops a New Privacy Study as AI Becomes Common Across Messaging Apps
A new assessment of messaging app privacy has placed Signal at the top of the market while highlighting sharp differences…
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News
Smartcomply Joins PCI Security Standards Council to Advance Global Payment Security Standards
Smartcomply is expanding its global footprint in cybersecurity and financial compliance after being admitted as an Associate Participating Organization of…
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News
East Africa’s Mobile Roaming Plans Run Into Tax and Telecom Revenue Realities
Efforts to lower mobile roaming costs across East Africa are moving back into regulatory negotiations as governments and telecom authorities…
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News
Smartcomply Expands UK Footprint Amid Rising Africa Payment Compliance Challenges
Smartcomply is taking its Africa-focused compliance technology to the United Kingdom, targeting the growing compliance burden on institutions processing transactions…
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News
Truecaller Launches of Travel eSIM Service
Truecaller has announced its entry into the travel eSIM segment through the launch of services aimed at travellers. The initiative…
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News
MTN CEO Says Africa’s Digital Payments Push Is Starting to Stretch Across Borders
Africa’s long expansion in mobile money services is creating the foundation for a broader digital finance system, according to Ralph…
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News
Kaspersky Warns of Rising AI-Powered Cyber Threats at AI Everything Kenya x GITEX
At AI Everything Kenya x GITEX Kenya, taking place from 19–21 May, global cybersecurity firm Kaspersky highlighted the evolving threat…
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Startups
Startups Bring US$5 Server Intelligence and Sign Language Tech to GITEX Nairobi
A Kenyan startup will this week attempt to run production-grade artificial intelligence on a US$5 server, one of several homegrown…
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News
INTERPOL Arrests 201 in MENA Cybercrime Sweep Backed by Kaspersky Intelligence
INTERPOL has concluded a large-scale cybercrime operation across the Middle East and North Africa, resulting in 201 arrests and the…
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BUSINESS
African Women Are Building Businesses Through WhatsApp
Across Kenya and Nigeria, many small businesses no longer begin with a website, a storefront, or even a marketplace listing.…
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News
Digital Literacy is Key to Unlocking Growth for Kenyan MSMEs
Micro, small, and medium enterprises (MSMEs) continue to play a significant role in Kenya’s economy, driving employment, innovation, and livelihoods…
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News
African Businesses Using Stablecoins for Settlement Are Running Into Compliance Demands
African fintech executives used a breakout session at the Kenya Blockchain & Crypto Conference 2026 to describe how businesses are…
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News
Kenya Wants a Bigger Role in Stablecoins. Regulators May Decide How Far It Goes
Kenya’s next fintech contest is no longer about mobile money adoption. It is about whether the country can build enough…
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News
CBK Data Shows Digital Banking Growth Outpacing Investment in Research Teams
A large section of Kenya’s banking industry went through 2025 without allocating money to research and development, according to findings…
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News
NTSA Opens Public Training Ahead of Digital Logbook Launch
Vehicle owners in Kenya have less than a month to prepare for a major change in motor vehicle records after…
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News
Google Expands Gemini, Creator Tools and Security Features in Android 17
Google is widening the role of artificial intelligence across Android devices with new automation, creator and security tools in Android…
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News
KRA Seeks Annual Crypto Transaction Data From Exchanges
Kenya is preparing to tighten oversight of cryptocurrency trading through new tax reporting rules that would require exchanges and digital…
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News
Critical Cybersecurity Skills Gaps Threatening Africa’s Digital Growth
With the rapid expansion of Africa’s technology sector, particularly in digital payments, fintech, government digital services and startups, cybersecurity threats…
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News
Kenya to Phase Out Paper Logbooks in New NTSA Digital Vehicle System
Kenya will begin replacing paper motor vehicle logbooks with digitally generated ownership records from June 10 as the National Transport…
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News
Sumsub Introduces Real-Time Deepfake Detection to Combat Sophisticated Scams
Sumsub, a leading full-cycle verification platform focused on scalable compliance, has unveiled its Adaptive Deepfake Detector, a next-generation solution designed…
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News
Spotify Enters Its Next Phase With Future Plans in Focus
Spotify is entering its third decade with a strategy focused on user control, new content formats and shared listening, according…
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News
Early Tax Alerts Replace VAT Blocks as KRA Resets Compliance Approach
Businesses will no longer face sudden lockouts from the tax filing system as the Kenya Revenue Authority adopts an early-warning…
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News
Borrowers Face New ID Checks as Tala Aligns With Kenya Lending Rules
Digital lender Tala has introduced stricter identity checks for its Kenyan users, requiring updated personal details before access to loans…
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COLUMNS
Adil El Youssefi | How Africa’s Data Centres are Evolving to Support the Continent’s AI Surge
Across Africa, artificial intelligence (AI) has moved from being a futuristic concept to a daily reality. Banks are using it…
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CYBER SECURITY
1M Banking Accounts Compromised as Cybercrime Shifts to Credential Theft
More than one million online banking accounts were compromised in 2025 as cybercriminals increasingly turned to credential theft and data…
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TRENDING
TechTrends Magazine Cover #2: Why East Africa’s Real Digital Work is Just Beginning
For years, the story of technology in Africa has been told through one lens: connectivity. Getting people online. Onboarding the…
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News
Kenya Heads Into A Bitcoin Conference With Policy Still Taking Shape
Kenya is drafting rules for digital assets at a moment when Bitcoin is already circulating in small, informal economies that…
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News
Safaricom’s Bet on Agentic Wallets in Kenya
At Safaricom Decode 4.0, the discussion around agentic wallets and personalized payments in Kenya moved beyond product demos into the…
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News
Daraja 3.0, Agentic AI, and 5G Gaming: What Safaricom’s Decode 4.0 Means for Kenyan Developers
Twenty-five years ago, Safaricom launched as a telecommunications company. Today, it is something considerably more difficult to define: part infrastructure…
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News
At Decode 4.0, Safaricom Moves Its Center of Gravity Toward AI and Retools M-Pesa to Match
Safaricom Group Chief Technology Officer James Maitai officially opened Safaricom Decode 4.0 , declaring this the “Year of AI” for…
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COLUMNS
Sam Malonza | Why Trust Is Becoming Kenyan Fintech’s Most Important Currency
Kenya’s fintech sector is entering a more demanding chapter and the issue defining it is no longer simply innovation, speed…
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News
Credit Bank Cuts Tender Delays with Five-Minute Online Bid Bonds
Credit Bank has launched a digital platform that reduces the time required for businesses to secure Credit Bank online bid…
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News
Connectivity vs. Capability: The Tension at the Heart of Digital Inclusion
In Nairobi, it is no longer remarkable to pay for tea with a phone. What still catches attention is how…
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News
M-Pesa Captures 60% of Trades as Retail Participation Jumps
At some point, a payments tool stops being just a payments tool. It becomes the place where money sits, moves,…
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TRENDING
Pochi la Biashara and P2P Point to Different Timelines in M-PESA’s Privacy Rollout
Starting today, Safaricom switched on data minimization for M-PESA peer-to-peer transfers. The change is visible immediately: masked phone numbers, shortened…
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News
As M-PESA Masks Numbers, Transaction Codes Take Over Payment Proof
On most days, the message that settles a payment is no longer a voice call, a handshake, or even a…
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News
Stablecoins Took Off in Kenya Now Regulators Are Closing In on the Details
Kenya’s new stablecoin regulations do not ban or even slow the market. They force it into view. Under draft rules…
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News
Kenya Convenes Piracy Forum as Losses Hit KES 92 Billion
In Nairobi this week, the conversation about piracy moved past general concern and into operational detail. The Ministry of Information,…
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News
Kenya’s New Taxi Fare Policy: Can the State Beat the App?
Kenya’s taxi industry has never had a settled rhythm. Prices rise and fall on phone screens, drivers hop between apps,…
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TRENDING
Telecom AI Meets Mobile Money in Safaricom–Indosat Deal
The Safaricom–Indosat partnership brings together two operators that arrived at the digital economy from different directions. Indosat Ooredoo Hutchison (IOH)…
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News
WhatsApp Banking Begins Taking Shape Across Southern Africa
For many people across Southern Africa, financial life already runs through a phone screen. Messages arrive. Payments get discussed. Remittances…
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COLUMNS
Allan Juma | Why Threat Intelligence is a Compliance Imperative for Kenya’s Financial Sector
Kenya’s financial sector operates in one of the most dynamic digital economies in Africa. This economy, according to GSMA, will…
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News
Across Africa, Carbon Credits Are Turning Into a State Asset
A carbon credit once moved through the voluntary market with little government presence. A project developer secured land, issued credits…
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BUSINESS
M-Pesa at 19: How Kenya’s Mobile Money Pioneer Reshaped Payments and Everyday Finance
M-Pesa at 19 years after its launch shows how a simple mobile money transfer tool evolved into the core infrastructure…
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News
Kenya’s KES 30 Billion Cybercrime Crisis and the Road Ahead
Cybercrime is no longer just an IT problem; it has evolved into a national crisis. Rapidly expanding across Kenya, it…
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