Search Results for: Fraud
-
COLUMNS
LAURENT SARR: Why Digital Identities Are The New Frontier
Whenever a user, or consumer, creates a profile or account on any online platform, they must have a unique way…
Read More » -
CYBER SECURITY
Cybersecurity Myths You Might Still Believe – Debunked!
Over time, the state of cybersecurity evolves. New threats emerge, but so do new security technologies. As encryption has become…
Read More » -
INSURANCE
MFS, Heritage Insurance launch digital insurance platform with motor insurance installment plan
Kenyan fintech firm Mobile Financial Solutions (MFS) Technologies has launched a digital insurance booking platform to meet the growing demand…
Read More » -
CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud can help financial institutions improve customer experiences
The financial sector is one of those sectors that is benefiting massively from modern technologies like the cloud. The adoption…
Read More » -
News
Upstream, MTN and WASPA team up to protect South Africa’s mobile ecosystem from misleading ads and malicious apps
Leading mobile marketing tech firm Upstream and mobile operator MTN have ramped up their fight against mobile-based fraud. The two…
Read More » -
CLOUD
Microsoft supports Kenya’s financial services providers with tailored Cloud solutions
Microsoft has reaffirmed its commitment to assisting Kenyan financial services providers in their digital transformation by providing specialized Cloud solutions.…
Read More » -
Interviews
[Interview] Alioune CISS, CEO, Webb Fontaine: We’re Helping African Countries Emerge as Leaders in the Future of Trade
Alioune CISS is the Chief Executive Officer at Webb Fontaine, a leading provider of solutions for Trade facilitation, powered by modern technology including…
Read More » -
BUSINESS
Payment solutions provider Virtual Pay receives ISO 27001 certification
Virtual Pay, a leading payment solutions provider has been awarded the prestigious ISO 27001:2013 certification receiving accreditation for its Information…
Read More » -
News
High Court blocks trial of top Telkom Kenya bosses over city land suit
The High Court has stopped the planned prosecution of senior Telkom Kenya officials over the sale of a disputed piece…
Read More » -
CYBER SECURITY
More Kenyans were attacked with password stealers in 2021, Kaspersky
There were 16% more users attacked with password stealers in Kenya between January and September 2021 compared to the same…
Read More » -
News
Sophos Research Reveals Top Ways Cyberscammers and Malware Operators Abuse Google Forms
Sophos has published a new research, “Phishing and Malware Actors Abuse Google Forms for Credentials, Data Exfiltration,” describing how cyber…
Read More » -
News
GVG announces seamless payments interoperability solution for Governments
Leading regulatory technology developer and Big Data Analytics firm Global Voice Group (GVG) on Wednesday launched a new payment interoperability…
Read More » -
News
We did not suspend driver in viral assault video, Bolt Kenya says
Ride-Hailing app Bolt Kenya has dismissed claims that it suspended the driver whose video of him being assaulted by three…
Read More » -
News
78% of SMEs in region’s retail sector are optimistic about the next 12 months, Mastercard
Although different sectors were exposed to and impacted in diverging ways to the extensive changes of the COVID-19 pandemic, SMEs…
Read More » -
CYBER SECURITY
Kaspersky uncovers a malicious code spreading through a mod in WhatsApp
Kaspersky has discovered a malicious version of a popular WhatsApp messenger mod (unofficial modification of the app) called FMWhatsapp. This…
Read More » -
News
African-focused Payments Firm pawaPay Raises $9M Seed Funding
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures,…
Read More » -
News
Raccoon stealer uses Telegram, adds cryptomining and cryptocurrency theft, Sophos Report
A new report by security leader Sophos has revealed a raccoon stealer disguised as pirated software that grabs cryptocurrencies and…
Read More » -
CLOUD
Caroline Mukiira : Hybrid Cloud – The Catalyst for Increased Financial Inclusion in Africa
Africa has made huge strides over the past decades towards the financial inclusion. The digitization and simplification of money management…
Read More » -
News
Cyberattacks in Africa comparable to other parts of the globe, says Kaspersky
With digital transformation a top priority on the corporate agenda as companies identify new ways to grow their business, cyber…
Read More » -
News
Our database has never been hacked, says IEBC
Kenya’s electoral body the Independent Electoral and Boundaries Commission (IEBC) has dismissed claims that its database had been hacked. Reports…
Read More » -
News
Truecaller Rolls Out its Smart SMS Feature in Africa
Truecaller, the popular Caller ID and Spam Blocking app is rolling out a new Smart SMS feature for users across…
Read More » -
News
Kenya among top drivers of eCommerce volumes in Sub-Saharan Africa, Visa research
Kenya, South Africa, and Nigeria are the top drivers of eCommerce volumes in Sub-Saharan Africa. This is according to a…
Read More » -
BUSINESS
Enhanced Report Gives Kenyan Lenders Ability to Improve Consumer Risk Decisions
The Covid-19 pandemic has put Kenya’s financial institutions, including commercial banks, at the heart of a fast-changing crisis. The reason…
Read More » -
News
South African fintech startup Ukheshe expanding to Asia-Pacific
South African fintech startup Ukheshe Technologies has announced that it will be expanding its footprint into the Asia-Pacific region as it introduces…
Read More » -
News
Sophos Uncovers 167 Fake Android and iOS Trading and Cryptocurrency Apps
Sophos has identified a stash of 167 fake Android and iOS apps that attackers are using to steal money from…
Read More » -
News
Applications for the HiiL Justice Accelerator to close on 30th April
Southern African justice startups looking for the opportunity to take their business to new heights have until 30 April 2021…
Read More » -
Blockchain
Nigerian Regulator Issues Warning Against Cryptocurrency Investments
Nigeria’s Economic and Financial Crimes Commission (EFCC) has issued a warning to the country’s citizens over cryptocurrency investments. The warning…
Read More » -
News
Nigeria Suffers Mobile Malware Epidemic with 1 In 9 Android Phones Now Infected
Mobile users in Nigeria have been impacted by mobile malware during the COVID-19 pandemic. This is according to a new…
Read More » -
BUSINESS
Mastercard to buy digital ID verification firm for $850 million
Mastercard Inc will purchase a Seattle-headquartered digital identity verification company Ekata, in a deal valued at $850 million. The global…
Read More » -
Apps
Truecaller Intros Business Solution in Africa As It Hits 43 Million Users on the Continent
Truecaller, the popular Caller ID and Spam Blocking app has launched a new business-focused solution to help its users easily…
Read More » -
COLUMNS
[Column] James Claude: Digital identity key in accelerating socio-economic development
As the global digital economy expands, and with Covid-19 changing the way we conduct business, Digital Identity is becoming increasingly…
Read More » -
Blockchain
Banks in Nigeria Start Closing Accounts Used for Crypto Transactions
Following a circular from the Central Bank of Nigeria last week, warning financial institutions of engaging with crypto, banks have…
Read More » -
Blockchain
Nigeria bans banks from dealing with cryptocurrencies
The Central Bank of Nigeria (CBN) shocked the local cryptocurrencies community on Friday when it issued a regulatory warning to…
Read More » -
News
DPO Group introduces Real-Time Settlements on digital payments for sole trader merchants in Kenya
African payment service provider DPO Group has launched Real-Time Settlements for its SME sole proprietor merchants in Kenya. 86% of SMEs…
Read More » -
BUSINESS
Jiji Online Market Place Kenya new security measures to protect its users in a bid to dominate Kenya’s e-commerce space
If you were a frequent user of OLX Kenya a few years ago, you probably already know that the e-commerce…
Read More » -
BUSINESS
This could be the right time to import a car
Owning a car has always been everyone’s dream especially if you have a family and with the year almost coming…
Read More » -
News
Smishing attack tells you “mobile payment problem” – don’t fall for it!
As we’ve warned before, phishing via SMS, or smishing for short, is still popular with cybercriminals. Sure, old-fashioned text messages have fallen out…
Read More » -
Blockchain
$7.6 billion worth of Cryptocurrencies Stolen Since 2011
Billions worth of cryptocurrencies has been stolen since 2011. A new report from Crystal Blockchain, a blockchain analytics firm based…
Read More » -
CYBER SECURITY
Mastercard Announces Cyber Secure, an AI-Powered Solution To Protect The Digital Ecosystem
Mastercard has launched a new AI-powered suite of tools to help banks assess cyber risk across their ecosystem and prevent…
Read More » -
Blockchain
Importance of security awareness amongst users when trading in digital currency
In acknowledging Cybersecurity Awareness Month during October this year, peer-to-peer (P2P) cryptocurrency marketplace, Paxful, is highlighting the importance of security awareness…
Read More » -
WomenInTech
Mastercard’s Girls4Tech STEM Program Reaches 1 Million Girls in 30 Countries
Mastercard’s signature STEM program, Girls4Tech, reached its initial milestone goal of educating one million girls, the company has announced. The…
Read More » -
CYBER SECURITY
MTN, Airtel and Stanbic Bank Uganda Lose Billions of Shillings to a Third-party Service Provider Hack
Hackers have broken into Uganda’s Pegasus Technologies, making away with cash in the billions. Pegasus Technologies touts itself as a…
Read More » -
Gadgets
The Real Cost of Buying Cheap Chinese Smartphones
It’s apparent that smartphones are getting cheaper by the day, at least in the lower market segment, a trend that’s…
Read More » -
Startups
South African fintech startup Ukheshe launches prepaid payments programme with Mastercard and Nedbank
South African fintech startup Ukheshe has launched its Third-Party Processing Services (TPP) in partnership with Mastercard and Nedbank. This latest…
Read More » -
News
90% of customers consider counterfeiting a serious issue to their organisation, survey
Over 97% of customers see HP’s Customer Delivery Inspections (CDIs) as a valuable service for their business. This is according…
Read More » -
BUSINESS
Kenya’s Economy Set to Slow as Effects of COVID-19 Pandemic Take Hold, Report
The Kenyan credit market is coming under severe pressure as the COVID-19 pandemic impacts the Kenyan economy. According to the…
Read More » -
News
Paxful celebrates its 5th Year, Hits $4.6 Billion USD In Volume and Reaching 4.5 Million Registered Wallets
Paxful, a peer-to-peer bitcoin (BTC) marketplace platform has hit $4.6 billion in trade volume and reached 4.5 million wallets registrations.…
Read More » -
News
Kenya’s Mobile Penetration Highest in the Region at 62pc
Kenya ’s Mobile Penetration: The number of people owning a mobile phone in Kenya leads in the region with approx…
Read More » -
News
These Are The 6 Kenyan Startups Selected For Google’s Startups Accelerator Africa 2020
Google has announced that 20 African startups that have been selected for its new class of Google for Startups Accelerator…
Read More » -
News
Thousands of Counterfeit HP Products Seized in Kenya, Nigeria and Tanzania
HP, together with local authorities has seized close to 200,000 counterfeit products in Kenya, Nigeria and Tanzania The products include…
Read More » -
CYBER SECURITY
Safaricom Now Notifies You When Someone Tries To Register a SIM Card Using your ID
SIM swap frauds are pretty common in Kenya but Safaricom has been stepping up its game to tackle the menace.…
Read More » -
CYBER SECURITY
Zoom is Bringing The Real End-to-End Encryption This Time, But There’s a Catch
Zoom is finally taking the big leap to bring an end to end encryption (E2EE) as it continues its 90-day…
Read More » -
CYBER SECURITY
Google Plans To Remove Spammy Add-ons from Chrome’s Web Store
Google is taking matters in its hands by retiring spammy chrome add-ons available on the web-store. Since its inception in…
Read More » -
News
Visa and Pesapal Partner for Connected Payments in Africa
Visa has announced a new partnership with Pesapal to drive connected digital payments to consumers and businesses in Africa. Under…
Read More » -
CYBER SECURITY
Malware infects 1.69M Android Handsets in South Africa, Report
Secure-D from mobile tech company Upstream detected 1.69 million malware-infected Android devices in South Africa last year. Within many popular…
Read More » -
CYBER SECURITY
Watch out! Scummy scammers target home deliveries
If you’re sitting at home right now, sheltering from the coronavirus pandemic – and there’s a good chance you are…
Read More » -
News
Jumia And Reckitt Benckiser To Provide African Consumers Access To Hygiene Products As Coronavirus Continues To Bite
The effects of Coronavirus continue to be felt across the globe and organisations around the world are joining hands to…
Read More » -
Startups
Kaspersky is calling on tech startups to apply for its Open Innovation Program
Kaspersky Innovation Hub (IHub) is calling on tech startups from across Africa and the rest of the world to apply…
Read More » -
CYBER SECURITY
Google Deletes Hundreds Of Chrome Extensions Involved In Malvertising
Google has axed a slew of Chrome browser extensions that were part of a malicious advertising network. The malicious extensions…
Read More » -
News
Huawei Given A 45-day Reprieve To Continue Supporting Its Telco Customers In Rural America
The Huawei troubles with the U.S. government are far from over. Lately, heat is building up, but the U.S. Commerce…
Read More » -
Gadgets
French Watchdog Fines Apple $27 Million For Slowing Down Old iPhones Without Users Consent
The Directorate General for Competition, Consumer Affairs and Fraud Prevention (DGCCRF), a competition and fraud watchdog has fined Apple €25…
Read More » -
BUSINESS
Safaricom Customers Being Conned Using Telco’s Official Number
Looks like fraudsters are always devising new ways to con people on the Safaricom network. A number of users are…
Read More » -
Apps
Avoid These 100 Malicious Apps Listed On Google Play
New Android malware has been spotted online and has infected over 100 apps available on the Google Play Store. This…
Read More » -
Blockchain
$4.4 Billion has been lost this year to cryptocurrency crimes, Report
2019 seems to be a good year for cryptocurrency criminals. According to a report from CipherTrace, victims have lost $4.4…
Read More » -
News
[Column] Tips for safer online transactions on your smartphone
Internet-enabled devices like Laptops, Tablets and Smartphones have increased online transactions. From easily transferring money, to placing orders with online…
Read More » -
BUSINESS
DTB, Mastercard and DPO Group extend digital payments in Kenya and Tanzania
Diamond Trust Bank (DTB) has joined African payment services provider DPO Group, and Mastercard in the rollout of a business…
Read More » -
BUSINESS
Consider these key points before integrating a payment gateway into your website
More people are now shopping online and if you sell online, you have to make a smart move to provide…
Read More » -
CYBER SECURITY
Growth in Fintech drives growth in cyberattacks, Kaspersky
Africa’s Fintech sector is booming! According to reports, Africa’s Fintech ecosystem has surged 60% in the last two years and the…
Read More » -
CYBER SECURITY
Remove these VPN apps from your Android phone immediately
By now, you are pretty much familiar with the pattern. Google keeps fighting malicious actors on the Playstore, but still,…
Read More » -
News
Africa mobile money market to reach $1 billion by 2024, report
The Africa mobile money market reached a transaction value of US$ 200.5 Billion in 2018. The market is projected to…
Read More » -
News
[Column] There’s a need for more disruption in Africa’s tech scene
For most people living outside Africa, they imagine the continent as the home of poverty, corruption, internet fraud, infrastructure deficit,…
Read More » -
BUSINESS
Google Continues its Fight Against Fake Business Profiles on Maps
Google Maps has over 200million business profiles to date, which helps many connect people to businesses every day. Google Maps…
Read More » -
BUSINESS
DPO Group’s DumaCard is Africa’s first B2B Virtual and Prepaid payment card
Africa’s leading Payment Service Provider (PSP) DPO Group has launched Africa’s first business to business payment card. DPO is calling…
Read More » -
News
[Column] Can e-commerce be Africa’s economic goldmine?
Digital economy in Africa is snowballing, and in the process, it’s creating new jobs and opportunities for digital entrepreneurs to…
Read More » -
COLUMNS
[Column] Data Security; embracing autonomy and intelligent machines
By Christine Ambetsa, Regional Applications Sales Leader – East Africa at Oracle CIOs are operating in a state of heightened…
Read More » -
BUSINESS
Jumia faces a Class Action Lawsuit over IPO
Jumia has been a great success in the African continent, having a more significant fan base across the continent. As…
Read More » -
News
Mastercard’s Girls4Tech program wants to reach 1M girls globally by 2025
Mastercard launched Girls4Tech program in 2017 committing to bring STEM education opportunities to girls (ages 8-12) in 25 countries. Today,…
Read More » -
COLUMNS
[Column] Open banking to transform East Africa’s digital financial services
Open banking is revolutionising the financial services landscape across the world, and presents opportunities for transformation and financial inclusion throughout…
Read More » -
Startups
Nigeria’s Fintech Startup TeamApt closes $5.5M Series A Round To Scale Into Additional Markets
TeamApt, a Nigerian startup that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A…
Read More » -
CYBER SECURITY
Cryptojacking shows no signs of slowing down in 2019, says ESET
Cases of cryptocurrency mining and cryptojacking will continue to grow in 2019, as attackers target smart devices and home assistants…
Read More » -
News
Dimension Data Solutions to launch its digital business solutions in 2019
Dimension Data East Africa, trading as Dimension Data Solutions Limited has announced plans to launch its digital business solutions in…
Read More » -
News
Mastercard, DPO Group partner to boost Pan-African merchant payments
Mastercard and Africa’s leading payment service provider, DPO Group have entered into a new partnership to enable more than 40,000…
Read More » -
COLUMNS
A look back: Digital transformation in South Africa
The start of 2018 saw global technology research and advisory firm, International Data Corporation (IDC), predict that South African channel…
Read More » -
News
Treasury CS Henry Rotich roots for technology-enabled procurement systems to curb corruption
Cabinet Secretary for the National Treasury Mr Henry Rotich has called on East Africa Community member states to deploy IT-enabled…
Read More » -
COLUMNS
[Column] Reasons for the Growing Bitcoin market in Africa
Recently, Africa has shown to be a fertile ground for Cryptocurrency with several countries such as South Africa, Kenya, Ghana,…
Read More » -
COLUMNS
Fintech flourishes in Uganda as regulation remains hands-off for now
Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly…
Read More » -
BUSINESS
Safaricom introduces optional Internet Plus Package for its Home Fiber customers
Safaricom has introduced new packages for its Home Fiber customers. The company is calling it Internet Plus and is describing…
Read More » -
BUSINESS
Mastercard unveils Mastercard Track, a global trade platform for businesses
Mastercard has partnered with Microsoft to introduce Mastercard Track, a global trade platform that will simplify and enhance how companies around the world do…
Read More » -
BUSINESS
Logistics firm Bwala Africa closes Ksh 24 million debt financing
Kenyan logistic firm Bwala Africa Group has secured a Ksh 24m debt financing from South African-based bank CFC Stanbic to…
Read More » -
BUSINESS
Safaricom announces plans to unveil new data packages
Safaricom has announced plans to unveil new data packages. According to the company, this is in line with its customer…
Read More » -
COLUMNS
Willing To Avoid Higher Interest Card Rates? Opt For Low Interest Rate Credit Cards Now
Lowest form of interest rate based credit cards are often the amazing tools for those who want to reduce the…
Read More » -
BUSINESS
HFC calling on local developers to help improve its HF Whizz app
HFC Group is calling on local developers to create complementary apps that would enhance its new HF Whizz app which…
Read More » -
COLUMNS
Africa Rising: How millennials and entrepreneurship are driving the African economy
By Clemens Weitz, CEO: ROAM (Ringier One Africa Media) In recent months, Africa has seen several big announcements of international…
Read More » -
News
Microlending app OKash introduces face recognition system for its borrowers
Microlending app OKash has introduced a built-in face recognition system to secure loans for its customers. The system, according to…
Read More » -
BUSINESS
Safaricom hit by major voice and data outage
Safaricom has today morning been hit by a major outage. Most subscribers countrywide have been cut off from internet connectivity…
Read More »