Kenneth Onyango, the Equity Bank Executive Director of Commercial Banking, has stepped down. He has been with the bank for nearly 8 years serving as Head of Risk, Head of…
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Over the last few months, a previously little-known law firm, Balon Advocates has been in the news, for all the wrong reasons.The New Vision of Saturday, August 21st 2022 reported…
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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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On the evening of Friday, 09th September 2018, unknown persons hacked the mobile money float accounts of a payments aggregator company called Beyonic Ltd and originated payments amounting to UGX2,617,761,200….
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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…
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Stanbic Bank Uganda, has spoken out about the brazen theft of USD1.8 million from one of its customers, Nile Energy Limited.In a brief statement released today, the bank acknowledged the…
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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…
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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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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…
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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…
