Search Results for: Fraud
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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
Atlas Cloud Taps IBM Watsonx to Boost AI Innovation in Morocco
Atlas Cloud Services (ACS), a subsidiary of Mohammed VI Polytechnic University (UM6P), has announced a collaboration with IBM and its…
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TRENDING
[Column] Mohamed Sajeed: How IoT and Automation Transforms Business Imaging
The convergence of Internet of Things [IoT] and automation is reshaping industries, and Epson is at the forefront of this…
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News
AI – A Double-Edged Sword in the Age of Misinformation and Disinformation
The rapid expansion of artificial intelligence (AI) tools has ushered in a new era of innovation, transforming industries and reshaping…
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News
How Mobile Apps are Streamlining Online Trading
Online trading in Africa has continued to experience massive growth over the last couple of years. This growth can largely…
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News
How Technology is Revolutionizing and Unifying Africa’s Forex Markets
Forex markets in Africa have historically been fragmented, with things like varying regulations, currency fluctuations, and limited accessibility affecting seamless…
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News
Visa Picks New Country Manager for Kenya, South Sudan and Somalia
Visa has appointed John Njoroge as its new Country Manager and Senior Business Development Leader for Kenya, South Sudan, and…
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News
Stablecoin Regulation in Kenya: How New Rules Could Reshape Digital Finance
The global push for stablecoin regulation is reshaping financial landscapes, and Kenya is no exception. As discussions around stablecoin regulation…
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News
97% of Consumers Take Cautionary Measures Around Digital Payments, Visa Study
Digital payments firm Visa has published a new study that sheds light on consumer awareness and proactive security measures taken…
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News
Kenya AI Strategy 2025-2030 Unveiled: A Bold Move Toward AI-Powered Digital Transformation
Kenya has officially unveiled the Kenya AI Strategy 2025-2030, positioning itself as a possible African leader in artificial intelligence innovation.…
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CYBER SECURITY
Foreign Cyber Threats in Kenya: National Strategies for Digital Defense
Cyber threats have become a national security challenge as Kenya is rapidly digitizing. Its digital assets, from financial institutions to…
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News
Binance Champions Crypto Regulation Clarity and Cyber Security at Nairobi Event
As Africa’s digital economy expands, policymakers across the continent are stepping up efforts to regulate the rapidly growing Web3 space,…
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News
Why a U.S. Law Change Could Disrupt the Global Internet
For close to thirty years, section 230 of the Communications Decency Act has offered websites immunity from legal responsibility for…
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News
Telegram Surpasses 1 Billion Users With $547M Profit—How It Stacks Against WhatsApp
Telegram has surpassed 1 billion active users, according to the message posted on the founder Pavel Durov’s channel. Telegram also…
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News
![[UPDATE] MPESA super app](https://techtrendske.co.ke/wp-content/uploads/2023/07/MPESA-APP-DOWN-390x220.png)
How Digital Payments Are Promoting a Cashless Economy in Africa
Digital payments are playing a very important role in changing Africa’s economy by promoting financial inclusion and minimizing dependency on…
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News
Memecoins in Africa: Regulation, Risks, and Recent Policy Shifts
Meme coins have gained big across the continent but recently have had many homegrown tokens sprouting in Africa. Such meme…
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BUSINESS
Visa Study Highlights Need for Strengthened Security to Boost Digital Payments Among SMEs in Kenya
A recent report by digital payments leader Visa has shed light on the security concerns faced by small and medium-sized…
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News
Over Half of Africans Fear Financial Losses From Cybercrime, Survey Finds
According to a recent survey conducted by KnowBe4 AFRICA, 58% of respondents are very concerned about cybercrime, a figure which…
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News
Africa Tech Summit Awards 2025 Winners Announced
Africa Tech Summit Awards announced the 2025 winners, recognising the leading entrepreneurs and ventures shaping the tech industry across the…
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Apps
Bolt Driver Selfie Check Boosts Ride Safety with AI
As ride-hailing services focus more on safety and security, Bolt’s Driver Selfie Check stands out as an important feature designed…
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News
Kenya’s DCI X Account Hacked By Crypto Scammers
On Sunday evening, the X account of Kenya’s Directorate of Criminal Investigations (DCI) sent out posts inviting users to share…
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News
Kaspersky reveals the evolution of ‘Nigerian’ email scams
Kaspersky researchers detected over 414,000 ‘Nigerian’ email scams. According to the cybersecurity firm, these emails relied on messages that lured…
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News
TikTok Removes Over 334,000 Harmful Videos in Kenya in Q3
Short-form video hosting platform TikTok has revealed that it removed over 334,,000 videos from its platform in Kenya due to…
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News
Fintech firm NjiaPay secures $1M+ to simplify payments for African businesses
NjiaPay on Tuesday announced the closing of an oversubscribed $1 million+ pre-seed funding round. The round was led by HAVAÍC,…
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COLUMNS
[Chad Pollock] From AI to RTP: Top Trends Shaping 2025 Payments
Digital payments are on the rise globally, with increasing adoption across websites, apps, and in-store platforms. Looking ahead to 2025,…
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News
Network International’s digital payment solution to power new Money Fellows offering in Egypt
Network International, a leading enabler of digital commerce in the Middle East and Africa has partnered with Money Fellows, the…
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News
AI and Machine Learning Integration to Drive Online Trading in 2025
The financial market is about to undergo a fundamental change. As we enter 2025, Artificial Intelligence (AI) and Machine Learning…
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News
114 Cyber Attack Attempts Targeted Critical Government Systems
A total of 114 cyber-attacks on key critical information infrastructure were recorded by government agencies from January to August 2024.…
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News
More than half of children in META region faced violent content on the Internet
Parents nowadays tend to have many concerns about the amount of time their children spend with their gadgets and what…
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CYBER SECURITY
Black Friday & Cyber Monday Security Tips To Keep Your Organization Safe
With Black Friday and Cyber Monday around the corner, we’re entering a high-risk period for cybersecurity. A recent Sophos report highlights that malicious…
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BUSINESS
[BREAKING] Kenya Cancels Controversial KSh95.68 Billion Power Project Deal With Adani
Kenya has cancelled the controversial KShs 95.68 Billion (USD 736m) deal with Adani Energy Solutions for the development of transmission…
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News
AI in Fintech Market to reach USD 70.1 billion by 2033
The fintech industry worldwide is witnessing unprecedented growth, driven by the integration of Artificial Intelligence (AI). According to market forecasts,…
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News
Financial Education Toolkit Targeting Students Unveiled
M-PESA GO, Old Mutual and the Kenya Institute of Curriculum Development (KICD) have today unveiled a financial literacy online toolkit,…
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CYBER SECURITY
From QR Code to Compromise: The Growing Threat of “Quishing”
Cybersecurity firm Sophos today released the results of Sophos X-Ops research on a new type of threat, quishing. This new…
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News
TikTok removes over 360,000 videos from its platform in Kenya
Short-form video hosting platform TikTok has revealed that it removed over 360,000 videos from its platform in Kenya due to…
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Startups
Nigeria’s Lendsqr launches its Loan Processing Services platform in Kenya
Lendsqr, a global loan management software provider, has launched its lending-as-a-service platform in Kenya. The company says the launch will…
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News
How to Be Cautious When Downloading Google Play Store Apps
While Google attempts to remove harmful apps from its Play Store, some still manage to appear, access user information, and…
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News
Mastercard taps Amazon Payment Services to facilitate digital payment acceptance across Africa
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and…
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News
NCBA Bank turns to new tech for enhanced cybersecurity
The Central Bank of Kenya’s 2023 Banking Sector Innovation Survey revealed that cyber-risk is the most significant challenge for financial…
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Blockchain
NISER, Soramitsu partner to scale blockchain research in Nigeria
The Nigerian Institute of Social and Economic Research (NISER) has partnered with Japan-based global blockchain company, Soramitsu to promote blockchain…
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CYBER SECURITY
Kenya’s Digital Security Lags Amid High Online Activity: Report
Kenya is digitally an insecure environment despite having a highly engaged online population. This is according to the Navigating Kenya’s…
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News
NCBA collaborates with SACCOs to enhance cybersecurity measures
NCBA on Monday hosted its SACCO Banking Division customers in a forum focused on helping them bolster their defenses against…
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News
NCBA invested $31m in 2023 on cybersecurity
NCBA Bank has announced that it invested nearly $31 million in 2023 to strengthen and enhance its cybersecurity infrastructure. Speaking…
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COLUMNS
Antony Muchiri: The growing Super Apps landscape in Africa
In recent years, the digital space in Africa has undergone a significant transformation, powered by increasing internet penetration, widespread smartphone…
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COLUMNS
Arnaud Bouraima: Africa’s Trade Transformation – The Power of Technology for Sustainability
In the face of mounting global environmental challenges such as climate change, biodiversity loss, and pollution, and increasing focus on…
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BUSINESS
NCBA bets on its digital products to grow its local footprint
NCBA Bank digital products: Initially, digital transformation was defined as organizational changes in terms of new investments in digital business…
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CYBER SECURITY
Kaspersky Adds AI-Focused Module to its Security Platform
Kaspersky has announced the launch of a new AI-focused module within its Kaspersky Automated Security Awareness Platform (ASAP). Kaspersky says…
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News
Dark Side of Glory, a crime documentary on cases of murder in the world of sport coming to Showmax
Showmax has just dropped the first trailers for Dark Side of Glory, a true crime documentary series that tells the…
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CYBER SECURITY
Ben Gelman: How Much Will AI Really Help Cyber Security?
The field of information security is undergoing a significant transformation with the development of artificial intelligence [AI] technologies. New AI…
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News
African regulators embrace strategy to unlock benefits of transformative technologies
African regulators have endorsed a set of guidelines to maximize the benefits of transformative information and communication technologies (ICTs) at…
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Blockchain
Inside Bitcoin: What Makes the Consensus Mechanism Work
As a potential investor interested in cryptocurrencies like Bitcoin, you know that understanding how Bitcoin works under the hood is…
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News
[Interview] Webb Fontaine’s Pascal Minvielle on the company’s new products and plan for Africa
Webb Fontaine has significantly expanded its presence in Africa in recent years. The company is a leading provider of solutions…
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BUSINESS
Airtel Africa taps Network International for payments processing
Airtel Africa has appointed Network International (Network) a leading enabler of digital commerce across the Middle East and Africa (MEA),…
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BUSINESS
Standard Chartered launches mobile lending app, offering loans of up to Ksh. 100,000
Standard Chartered has today launched a short-term lending mobile app for its clients. Known as SC Juza, the bank says…
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BUSINESS
Visa unveils suite of new products for the digital age
Digital payments company Visa has unveiled a suite of new digital-first products and services that it claims will revolutionise the…
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BUSINESS
Government Pledges Support for Digitization of Banking and Fintech at SeamlessHR Conference
Africa’s leading HR and payroll technology firm, SeamlessHR, hosted C-level executives to a roundtable on the factors driving disruption in…
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Featured
Key Predictions and Insights for Kenya’s Betting Market in 2024
The rapid evolution of online betting, in line with technological advancements, boosts user excitement for this entertainment. Africa is among…
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News
Rethinking Card Issuing in an Age of Fintech Disruption
Traditional banks face challenges in modernising card issuing to keep up with new competitors. Fintech disruptors and evolving consumer preferences…
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BUSINESS
Forex Fortunes in Kenya: A Beginner’s Guide to Online Forex Trading
Online forex trading has gained significant popularity in Kenya in recent years. Given the potential for lucrative returns, a growing…
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Featured
Understanding the Difference Between Legal Bookmakers and Non-Legal Ones: Navigating the Betting Landscape
In the realm of sports betting, there exists a distinction between legal bookmakers, operating within the bounds of regulatory frameworks,…
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News
Xion Global and Callpay partner to boost web3 payment adoption in South Africa
Xion Global, a Web3 payments provider, has announced a strategic partnership with Callpay, a major player in South Africa’s payments industry.…
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News
Fintech platform Alviere expands its reach to 500 million mobile wallets in Africa
Alviere, the embedded finance platform provider, has announced that Onafriq, Africa’s digital payments network, has chosen it to enable payments…
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BUSINESS
M-Pesa Global pay to get a tap-to-pay payment option
Safaricom’s mobile money platform M-PESA will soon start offering tap-to-pay services to its more than 60 million customers. This is…
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News
Sophos Anticipates AI-Based Attack Techniques and Prepares Detections
Sophos has released two reports about the use of AI in cybercrime. The first report—“The Dark Side of AI: Large-Scale…
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CYBER SECURITY
Africa remains one of the regions most targeted by cybercrime in 2023
As organisations continue to become more digitised, throughout 2023 Africa remains one of the world regions most targeted by cybercrime.…
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News
Equity Bank: Unlocking convenience and security in the digital banking era
The global landscape is undergoing a remarkable transformation towards digital banking, with an ever-growing number of customers embracing its offerings…
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