Pride Microfinance Limited a government of Uganda-owned deposit-taking Microfinance institution was early May 2023 hacked and UGX1.3 billion stolen, CEO East Africa Magazine can exclusively reveal. Although the financial institution denied the loss, claiming it was a mere attempt, Luke Owoyesigire, the Kampala Metropolitan Police Deputy Spokesperson confirmed the digital theft, saying that the bank reported it to Kira Road Police, a day after the heist. “Pride had an attempted fraud, and we are in the process of investigating the incident. Given our robust controls in place, none of our customers’ funds was accessed, and we assure them of our…
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