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Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double Uganda is grappling with a surge in financial crimes, with cyber fraud, bank scams, and corporate misconduct costing the economy over USD 272 million in 2024. As digital threats escalate, criminals exploit loopholes, leaving victims with devastating financial losses.
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.