Digital Fraud Archives – CEO East Africa

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

by CEO East Africa MagazineIndustry & Analysis The Big StoryFebruary 25, 2025February 25, 2025

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…

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

by CEO East Africa MagazineNews & Analysis The Big StoryFebruary 25, 2025February 25, 2025

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…

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Bank of Uganda Moves to Establish a Cyber Incident and Forensics Investigation Laboratory

by Muhereza KyamuteteraCompany News Ministries, Agencies & Departments The Big StoryFebruary 11, 2025February 12, 2025

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

by 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 denied…

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