Banks threaten to disconnect Airtel Money, as fresh details emerge about how last week’s digital fraud incident was executed

Following CEO East Africa Magazine, breaking a story that fresh details have emerged on how the multi-billion digital fraud was carried out. According to a brief prepared by Airtel Uganda, to the Uganda Banker’s Association (UBA), which CEO East Africa Magazine, has seen, it all started on October 27th, 2022. Yet-to-be-identified people, believed either to be hackers, former insiders, or insiders, gained unauthorized access to an interface belonging to Airtel’s third-party partner. Therefrom, the digital thieves then accessed the platform of other aggregators and banks and dipped their digital hands into the operational virtual accounts (OVAs) held by banks in…