Fraud
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TRENDING
Trust as Currency: Protecting Kenya’s Digital Economy from Growing Fraud
There was a time when fraud was mainly a bank’s problem. A suspicious transaction would be flagged, an account frozen,…
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News
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
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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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
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
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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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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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
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
This new feature will protect Safaricom customers from unauthorized sim swap
Over the last couple of weeks, there have been overwhelming reports of Kenyans getting their SIM cards illegally swapped, leading…
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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…
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CYBER SECURITY
Opinion: Of banks and cybersecurity
If there’s one industry we should be most concerned about when it comes to cyber criminals and security, it’s the…
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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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