Search Results for: Fraud
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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
As Airtel Money pushes into double digits, the comfort that surrounded M-PESA starts to thin
The latest sector statistics from the Communication Authority of Kenya now show that Airtel Money has climbed to 10.3% marking…
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TRENDING
From rural Kenya to Africa’s Business Heroes: The story of BuuPass through the lens of co-founder Wyclife Omondi
Wyclife Omondi’s journey to the Top 10 finalists at the 2025 Africa’s Business Heroes Edition is rooted in a deeply…
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News
Kenya’s Tap to Phone Moment as KCB and Visa Push Payments Into Everyday Life
Last evening, KCB and Visa gathered merchants, partners, and a crowd of regular customers to unveil something that looked simple…
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TRENDING
Safaricom Unveils Daraja 3.0, Paving the Way for ‘Fintech 2.0’ with Super App Integration
Safaricom PLC has officially launched Daraja 3.0, a comprehensive overhaul of its M-PESA API platform. The launch marks a pivotal…
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TRENDING
M-PESA’s Core Upgrade and the Architecture of Safaricom’s Next Phase
Safaricom has entered a period defined by engineering decisions rather than spectacle. The upgraded M-PESA platform sits at the centre…
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News
Nigeria’s Rising SIM Wave Tests Regulators As Illicit Cards Drift Through A Growing Market
Nigeria’s telecom regulator is widening its campaign against illicit SIM activity at a moment when the market itself is swelling.…
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News
A Country That Runs on Data but Never Agrees on Who Holds the Power to Watch
Kenya runs on the mobile phone in a way that is rare even by global standards. Each day is marked…
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News
Kenya’s Financial Watchdogs See a Fragile Backbone in the Tech That Holds It All Together
Kenya’s top financial regulators have warned that the financial system’s growing reliance on a handful of large technology providers has…
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News
Kiambu Student, 20, Wins KES 1 Million in Safaricom’s Shangwe @25 Promotion
Safaricom has named 20-year-old Yvonne Wanjiku Kang’ara as the first KES 1 million winner in its ongoing “Shangwe @25″ consumer…
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TRENDING
Meta’s Scam Problem Is Bigger Than Anyone Knew
For years, Meta has sold itself as a company determined to connect people, not exploit them. Yet inside its own…
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News
MTN’s Data Overhaul Anchors Its Cloud Future on Microsoft Azure
MTN Group has completed one of its most ambitious internal transformations yet — the modernization of its Enterprise Value Analytics…
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News
KRA’s X Account Hacked Amidst National Cybersecurity Week
The Kenya Revenue Authority (KRA) official X account (formerly Twitter) has been compromised by unknown hackers. The compromised account’s handle has…
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News
Galaxy Z Fold 7 Anchors Google’s Android Security Study As Samsung Teases A Tri-Fold Future
In Google’s latest Android security report, one name surfaced alongside the Pixel 10 Pro and iPhone 17: the Galaxy Z…
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BUSINESS
EU Backed e-Phyto System Goes Live in Ethiopia
Ethiopian farmers and exporters can now apply for, receive, and send phytosanitary certificates entirely online following the successful launch of…
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CYBER SECURITY
Ben Jacob: Deepfakes – The Next Human Vulnerability For Businesses?
Synthetic audio and video generation technologies, known as deepfakes, have reached a critical threshold. Once mostly limited to social media…
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CYBER SECURITY
Massive Data Breach at Kenyan Health Platform M-TIBA; Sensitive Medical and Personal Data of 4.8 Million Users Reportedly for Sale
A threat actor, identified on cybercrime forums as “Kazu,” is reportedly advertising a massive 2.15-terabyte database allegedly stolen from M-TIBA,…
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News
Interpol and AFRIPOL Bust Massive Crypto Ponzi Scheme in Pan-African Anti-Terror Operation
In a sweeping, first-of-its-kind security operation, Interpol and AFRIPOL announced on Tuesday the arrest of 83 individuals in a coordinated…
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News
AI-Powered Deepfakes and Phishing Put Africa on High Alert, Microsoft Report
Microsoft has issued a stark warning to African businesses, highlighting a new wave of sophisticated, AI-driven cyber threats in its…
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News
High Court Suspends Controversial Sections of Cybercrimes Act
The High Court in Nairobi has temporarily halted the enforcement of contentious sections of the recently enacted Computer Misuse and…
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News
Hayo Launches White-Label Platform to Accelerate MNOs Shift to eSIM
Hayo, a global innovator in digital solutions, has launched an end-to-end eSIM solution aimed at helping mobile network operators (MNOs)…
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News
Kenya’s Move To Expand The Computer Misuse Law Shows Power Shaping Digital Speech
The state has always monitored speech in one form or another, but the Computer Misuse and Cybercrimes Amendment Bill, 2024…
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BUSINESS
Report Shows Political Instability and Civil Unrest Top Kenya’s Risk for 2026
A new report from the World Security Report 2025, published by Allied Universal and G4S, has revealed that Kenyan businesses…
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News
Claims Delays Expose Cracks in SHA’s Digital System
The platform meant to modernize public health financing has become the main grievance in hospital corridors. A year after the…
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News
MTN MoMo’s Expansion Tests the Limits of Africa’s Mobile Money Map
MTN’s mobile money operation has shifted from a domestic add-on to a continental engine. Its footprint now links markets where…
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News
Kenyan All-Women Team to Compete at Absa-GirlCode Tech Finals
Four young Kenyan women are set to represent the country at the continental finals of the Absa Bank Kenya–GirlCode Women-in-Tech…
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News
Network International and Magnati Complete Merger
Fintech firm Network International and Magnati, a leading payment solution provider in the UAE, have announced the completion of their…
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News
Safaricom’s Trillion Shilling Impact Marks a Turning Point for Purpose and Profit in Africa’s Tech Landscape
For years, Safaricom has been more than a telecommunications company. It has become a case study in how African businesses…
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CYBER SECURITY
Protect Your Money: How to Verify and Avoid Scammers Posing as Fake Agents
Kenya is experiencing a significant rise in fraud, both online and offline. From cyberattacks targeting critical systems to fake agents…
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News
Africa’s Insurance Leaders Forge AI-Driven Future at InsurTech Forum Nairobi
Africa’s insurance leaders have called for more digital connectivity and urgent adoption of connected data and Artificial Intelligence (AI) to…
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News
CBK’s Fee Cap Gambit: Cheaper Mobile Money for Kenyans, or a Slow Squeeze on M-Pesa’s Golden Engine?
For nearly two decades, M-Pesa has operated like essential infrastructure and untouchable monopoly at the same time — a utility…
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CYBER SECURITY
INTERPOL-Led Cybercrime Crackdown Nets 1,200 Arrests Across Africa
A sweeping cybercrime crackdown coordinated by INTERPOL and AFRIPOL, with support from private-sector partners such as Binance, has led to…
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BUSINESS
KRA USSD Tax Services for Small Businesses: How *222# is Changing Compliance in Kenya
For years, Kenya’s micro and small businesses have carried the same complaint: tax systems built for the digitally connected elite,…
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News
Tunisia’s Digital Transformation: 138 Projects Using AI and Open Data to Rebuild Public Administration
For years, Tunisia has spoken of modernising its bureaucracy, but progress has often been halting. Ministries ran on outdated systems,…
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News
Cassava and Accenture Are Building Sovereign AI in Africa — but Who Will Really Control the Continent’s Data Future?
Cassava Technologies has cast its lot with Accenture in a partnership that promises to deliver “sovereign AI” across Africa. The…
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News
Kenya Grants Security Agencies Power to Deactivate Devices and Shut Down Websites Linked to Terrorism, Cybercrime, and Child Exploitation
Kenya is set to give security agencies unprecedented authority over the digital space. Under proposed amendments to the Computer Misuse…
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News
Airtel Africa’s AI-Powered Spam Alert Flags Over 205 Million Messages
Airtel Africa has revealed that its AI-powered Spam Alert service has detected and flagged more than 205 million spam messages…
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News
Safaricom to Shut Down M-PESA for Three Hours on September 22 as Part of Major System Upgrade
In the small hours of Monday, 22 September 2025, M-PESA will briefly go offline. From 0:30 AM to 3:30 AM,…
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News
East African Community Pushes for Cheaper Roaming and Seamless Cross-Border Connectivity
For years, travelers within the East African Community (EAC) have carried a quiet dread in their pockets: the moment a…
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News
KRA Bets on AI Scanners to Tackle Smuggling at Mombasa Port
On any given morning at the Port of Mombasa, cranes swing overhead as containers are stacked in neat metallic rows.…
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News
Visa Pay Launches to Expand Access to Digital Payments across the DRC
Visa, the digital payments leader, has announced the launch of Visa Pay, an innovative mobile solution that provides access to…
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CYBER SECURITY
Kaspersky Warns of New Malware Campaign Targeting Facebook Users Across Africa
Cybersecurity firm Kaspersky has raised concern over a malicious campaign sweeping across Africa, with cybercriminals spreading the StealC v2 infostealer…
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News
Airtel Refund Case and Viral Kenyan Thread Reveal Why Mobile Money Reversals Remain a Major Headache
Mobile money is one of Africa’s great innovations. But its speed and simplicity have created a stubborn headache: what happens…
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News
Google Cracks Down on Sideloading: Developer Verification for Android Apps Coming in 2026
For years, Android’s identity has been tied to freedom. Where Apple tightly guards iOS with walled-garden rules, Android has prided…
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WomenInTech
Absa Bank Kenya Partners with GirlCode to Launch 2025 Pan-African Women-in-Tech Hackathon
Absa Bank Kenya, in collaboration with GirlCode, has launched the 2025 edition of GirlCodeHack, a Pan-African women-in-tech hackathon aimed at…
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News
AI in Africa to top $16.5B by 2030, Mastercard
Africa’s artificial intelligence (AI) market is projected to grow from USD 4.5 billion in 2025 to USD 16.5 billion by…
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News
Airtel Africa Partners With Xtelify to Roll Out AI-Driven Telecom Platform Across 14 Markets
Airtel Africa has entered into a multi-year, multi-million dollar strategic partnership with Xtelify, the digital arm of Airtel India and…
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News
Mobile Money Savings Growth in Africa Marks a Turning Point in Sub-Saharan Finance — Here’s Why It Matters for the Future
Sub-Saharan Africa has become the epicenter of mobile money—and now, it’s starting to change something even more fundamental than how…
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News
The Changing Dynamics of Forex and Trading in Africa
The forex and online trading landscape has witnessed a significant growth in Africa in recent years, mainly driven by technological…
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News
With Cyber Attacks Rising, Kenya’s New Insurance Rules Put Pressure on Insurers’ Boards
Kenya’s insurance industry is now under stricter cybersecurity oversight after the Insurance Regulatory Authority (IRA) introduced a sweeping framework that…
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BUSINESS
Equity Bank Confirms Intermittent Downtime on its Digital Banking Channels
Equity Bank has issued a public notice confirming an ongoing service disruption affecting its digital banking platforms. The bank described…
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BUSINESS
Kenya Money Laundering Crackdown Triggers Global Risk Alarm as Fintech, Trade Face Fallout
Kenya is facing unprecedented scrutiny over a massive surge in suspicious financial activity, with Sh6.97 trillion flagged in just three…
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BUSINESS
How AI Credit Risk Scoring in Kenya Is Changing Who Gets Loans and How Fast
AI credit risk scoring in Kenya is fast becoming the leading application of artificial intelligence in the country’s banking sector,…
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Featured
Spotika Relaunches with Thai Billionaire Backing, Unveils Africa’s Most Advanced Betting Tech
Spotika, a well-known name in Kenya’s betting sector, has officially relaunched under new ownership following a complete acquisition and strategic…
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Featured
Game On! Spotika Unleashes Africa’s Smartest Betting Platform
One of Kenya’s most high-profile sports betting brands, Spotika, is back in operation and this time with a vengeance, since…
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COLUMNS
Vinay Hirallal: From Vulnerable to Vigilant – Embedding Threat Resilience to Your Organization
With the continent’s rapid digital transformation, African businesses are being exposed to increasingly complex cyber threats. As their digital footprint…
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