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TodaySaturday, May 02, 2026

Cybercrime

The Rise of the Internal Thief: Insider Fraud is one of the Most Prevalent Financial Crimes in Uganda, and moreover at senior management levels.

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

Uganda is experiencing an economic crime crisis, with businesses and individuals losing over USD 272 million (UGX 1.02 trillion) in 2024 due to fraud, cybercrime, and financial misconduct. This represents a sharp
February 25, 2025
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Uganda faces a financial crime crisis as cyber fraud, bank scams, and corporate fraud escalate, costing the economy over USD 272 million in 2024 and exposing vulnerabilities in digital security and financial systems.

Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double

Even though the number of financial and economic crimes rose mildly, by 1.6%, from 12,924 cases in 2023 to 13,132 cases in 2024, the severity and amount of money lost in these
February 25, 2025
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From the survey the rise in electronic fraud in Eastern Africa was enabled by insiders in organizations in collusion with technologically savvy customers.

A portrait of an East African Economic Criminal And Fraudster, according to PwC

Businesses in Eastern Africa must act quickly to avert increasing cases of economic crimes and fraud that threaten their existence, the Global Economic and Crime Survey by renowned international audit firm, PricewaterhouseCoopers
November 17, 2023
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