Uganda: Fraud - Banks, Telecoms Run to Nira for Customer Digital Identities allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
December 30, 2020 Written by Frank Kisakye Lydia Nakamya (L), head of Digital Banking and Client Experience, Standard Chartered Bank, receives the Digital Brand of the Year award from Dr Maggie Kigozi
The coronavirus pandemic lockdown may have led to an unprecedented uptake in digital financial solutions as business processes moved online. However, Ugandan banks, telecoms and fintech also suffered an unprecedented gravity of digital fraud attacks during the same period, writes FRANK KISAKYE.
A recent mega fraud saw mobile money giants, Airtel and MTN Uganda that hold more than 95 per of the subscriber base lose in It’s reported that the fraudsters used an abandoned company book that contained photocopies of National IDs at a photocopier stall to clone