Search Results for: Fraud
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Tech
Kenya’s Shamba Records, Apexloads Among Startups Picked for Google for Startups Accelerator
Google has selected 15 promising tech startups for its Google for Startups Accelerator: Africa Class 9 program. These innovative startups,…
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News
Cybercrime in Africa Escalates as AI Scams, Phishing, and Deepfakes Undermine Digital Progress
As Africa races to embrace digital technology, a shadow is growing alongside it—cybercrime. From mobile banking fraud to deepfake scams,…
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News
From Cash to Digital: Understanding PalmPay Growth in Nigeria’s Fintech Scene
PalmPay’s growth in Nigeria is a beacon that showcases the phenomenal extent to which fintech has made an impact on…
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News
Nigeria’s Digital Payments in 2025: What’s Fueling the ₦1.56 Quadrillion Fintech Shift?
Digital payments in Nigeria exponentially increased last year to set a key trend in Africa’s largest economy in 2025. As…
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CYBER SECURITY
This Cybersecurity Startup Is Quietly Moderating X’s Community Notes to Fight Crypto Scams
Social media platforms are struggling in the face of rising misinformation and scams, particularly involving cryptocurrency. In its bid to…
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News
Secure Banking; How to Avoid Losing Money in Fake Online Security Checks
While digital banking offers significant convenience, it also brings a growing challenge from sophisticated fraud. One of the latest scams…
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News
Phyllis Migwi: Three AI scams Kenyans need to watch out for in 2025
Kenya is rapidly emerging as a digital powerhouse in Africa, with internet and mobile phone usage consistently on the rise.…
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News
Is M-Pesa 2.0 Upgrade Enough to Keep Airtel Money at Bay? Here’s What Safaricom’s $309M Bet Means
Making its boldest move with M-Pesa 2.0 upgrade, Safaricom, however, is investing over $309 million annually to transform the mobile…
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News
Airtel Kenya Rolls Out AI-Powered Spam Alert Service
Airtel Kenya on Wednesday launched an artificial intelligence (AI)- powered Spam Alert Service to enhance mobile security for its customers. The…
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News
Why Hacking Remains the Top Cybersecurity Threat
In the fast-growing digital world, our reliance on technology has become inescapable, with individuals communicating online via social media to…
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News
Ex-citi, Goldman, Barclays Compliance Firm Hits $1M in First Year, Expands to EMEA
de Risk Partners, a financial regulatory compliance consultancy founded by former executives from Citigroup, Barclays, and Goldman Sachs is celebrating…
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News
The Silent Surge: How Scam Call Centers Are Taking Root in Africa
For many decades, cybercrime in Africa-with the exception of some few ironic exceptions, was usually painted in a comic style…
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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
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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News
Unpacking Faulu Microfinance Bank Digital Solutions
Kenya’s banking sector has been evolving over the years, thanks to the emergence of technology, especially mobile phones that shifted…
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News
Chenosis partners with Botlhale AI to bridge language gaps in African businesses
Pan-African Accelerator Platform Chenosis has partnered with Botlhale AI Solutions to remove language as a barrier when it comes to…
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News
KRA unveils online auction after successful pilot
After successfully running a pilot which saw it collect Kshs 37.5 million, the Kenya Revenue Authority (KRA) on Monday unveiled…
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CYBER SECURITY
Sha Zhu Pan Scammers Use Fake Cryptocurrency Trading Pools to Steal More Than $1 Million, Sophos report
Sophos has released findings on a major shā zhū pán (pig butchering) operation utilizing fake trading pools of cryptocurrency (liquidity…
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BUSINESS
VFS Global offers tips for a smooth visa application experience
Based on the data available mid-year, there is convincing evidence that reveals global travel is on the rise in 2023,…
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CYBER SECURITY
CryptoRom scammers add AI chat tool, like ChatGPT on crypto accounts to their toolset, Sophos finds
Sophos has released new findings on CryptoRom scams—a subset of pig butchering [shā zhū pán] schemes designed to trick users of dating apps into making fake…
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CYBER SECURITY
Intensified scamming activities already surrounding Meta’s Threads app
Just one week after its launch on July 5, Threads, the new microblogging app from Meta, has already amassed an…
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News
John Waibochi: Digitizing supply chains across Africa presents immense opportunities.
Manufacturers, producers, and businesses have received a clear message over the past few years: digitizing supply chain management is essential…
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News
5 Kenyan startups among the 25 selected to receive $4M Google for Startups’ Black Founders Fund
Five Kenyan startups are among the twenty-five from across Africa that have been selected for this year’s $ 4 Google…
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BUSINESS
Boost for SMEs as Pesapal Introduces Real-Time Settlement of Payments in Kenya
Pesapal has introduced real-time settlement for merchants in Kenya, enabling fast transfer of funds into their accounts. Through Pesapal’s e-wallet…
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News
Digital payments firm DPO Pay announces new leadership appointments
African digital payments company DPO Pay has announced the appointment of Isabella Marira as Group Head of Operations. The firm…
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CYBER SECURITY
Kenyans reported increased cases of vishing attempts in 2022, report
Kenyan consumers were primarily targeted by ‘vishing’ attempts, in 2022 where they received fraudulent phone calls from scammers trying to…
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News
The Evolution of Online Gambling: The Role of Technology in Driving Industry Growth
Gone are the days of having to physically go to a casino or betting shop for your fix of gambling.…
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News
Smile Identity acquires Inclusive Innovations in its Africa expansion drive
Pan-African cyber security company Smile Identity has announced the acquisition of Inclusive Innovations, the parent comp of Appruve, a company…
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News
[Kenya] Authorities arrest suspects for illegal online streaming
The Kenya Copyright Board (KECOBO) together with officers from the Directorate of Criminal Investigations (DCI) arrested an engineer and his…
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News
How to Choose the Right Online Casino Website for Beginners
Are you new to the exciting world of online casinos? Can’t decide which website is right for you? Don’t worry…
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Featured
The Benefits of Using Cryptocurrency at Online Casinos
As the popularity of cryptocurrency continues to soar, people have become more and more interested in using it as a…
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Featured
Choosing the Right Payment Method for Your Online Betting Needs
Online betting is on the rise, and with it comes an ever-increasing variety of payment methods that customers can use…
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Blockchain
ALEX OWITI: Will Blockchain be the “Messiah” Cyber security Saviour?
Deloitte’s global blockchain and cyber security experts from around the globe in their 2017 report looked at blockchain technology security from…
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News
Scammers move from dating apps to now targeting Twitter users
Scammers are no longer dominating dating apps but other social media platforms such as Twitter. This is according to a…
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News
Pan-African cyber security firm Smile Identity raises $20m Series B
Smile Identity, a South African company that offers identity verification and Know Your Customer (KYC) services has raised $20 million…
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CYBER SECURITY
Sophos Discovers Fake Apps Found on Apple’s App Store Used by Cybercriminals for CryptoRom Schemes
Sophos on Wednesday released new findings on CryptoRom scams—elaborate financial fraud schemes that prey on and trick dating app users…
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News
Sendy introduces payment on delivery option for e-commerce vendors
Fulfillment and logistics startup Sendy has unveiled a Payment on Delivery product for e-commerce and social commerce vendors in Africa,…
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News
[Interview] JuicyScore’s Mikhail Marchenko on why fintechs should invest in risk management solution
JuicyScore, a global leader in anti-fraud and risk management solutions entered the Kenyan market recently. The firm offers anti-fraud and…
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