Fraud Risk Archives

DETAILS: How digital thieves made away with UGX1.3 bn from Pride Microfinance

Muhereza KyamuteteraIndustry & Analysis News & Analysis The Big StoryJune 1, 2023June 5, 2023

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…

OPINION: Fraud affects us all. Together let’s detect and prevent fraud

Stanley KatwazaThe Big Story Thought LeadershipFebruary 28, 2023February 28, 2023

All organisations and individuals are subject to fraud risk. It is therefore essential to prioritize fraud prevention and detection to protect every organisation’s and its stakeholders’ interests. Fraud can come…

Digital thieves hit UGAFODE Microfinance; make off with UGX400 million

Muhereza KyamuteteraFinance News & Analysis The Big StorySeptember 19, 2022June 7, 2023

UGAFODE Microfinance Limited, one of five licensed micro deposit-taking financial institutions (MDI) in Uganda, has been hit by digital fraudsters, making off with an amount said to be about UGX400…

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