Fraud Archives

Japhet Aritho, the Airtel Mobile Commerce Uganda Limited (AMCUL) Managing Director

Hackers break into Airtel Money systems, steal billions

Unknown hackers, on Friday, 28th October struck Airtel Mobile Commerce Uganda Limited (AMCUL) systems making off with unspecified amount of money, said to be in billions, CEO East Africa Magazine can exclusively

October 29, 2022

Business & Markets·The Big Story

UGAFODE Microfinance Chief Executive Officer, Shafi Nambobi (left) and Board Chairman, Prof. Ben Kiregyera.

Digital thieves hit UGAFODE Microfinance; make off with UGX400 million

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 million before,

September 19, 2022

Banking & Financial Services·News & Analysis·The Big Story

Global forensics and investigations institute, enters training partnership with Infotesters, a Ugandan fraud prevention company

The International Institute of Certified Forensics and Investigation Professionals (IICFIP) has entered into a partnership with Infotesters Limited to establish a certified training centre in Uganda. Infotesters Limited is a full service

January 4, 2021

Banking & Financial Services·Company News

Dfcu Bank has this evening confirmed fraud at its premises

Dfcu Bank confirms fraud; declines to give details

Dfcu bank, has this evening confirmed that there was indeed fraud at the bank, but declined to divulge details of how much and who was involved, but said investigations were on going.

July 15, 2019

Banking & Financial Services·The Big Story

US judge slaps PriceWaterhouseCoopers with $625m fine for negligence

Accounting giant, PriceWaterhouseCoopers (PWC) has been ordered to pay $625 million in damages, by an Alabama judge, in the United States of America for their negligence that led to one of the

July 3, 2018

Company News·The Big Story