Tag: fraud
Nigeria’s fraud agency arrests Kloud Commerce founder, Ghana mentioned
Nigeria’s fraud investigation agency, the Economic and Financial Crimes Commission (EFCC), has detained founder of Kloud Commerce Olumide Olusanya.Â
It’s unclear at this point whether...
Fraudulent robocalls to cost mobile subscribers a record $58 billion this...
A new report from Juniper Research, foremost experts assessing emerging communications technologies, has found that mobile subscribers will lose $58 billion to fraudulent robocalls globally...
Sonatel falls victim to US$200,000 hack
Senegalese telco leader Sonatel has recently discovered a hack in its systems that cost it CFA143 million ($200,000).
According to Africa Cybersecurity Magazine, an infamous...
Flutterwave set for ambitious expansion in Kenya following clearance from all...
Flutterwave, Africa’s biggest fintech has welcomed the withdrawal of claims against the company by the Asset Recovery Agency (ARA) in July 2022 and looks...
Mastercard, Network International to combat fraud with AI
Mastercard and digital commerce company, Network International, have collaborated to release an Artificial Intelligence (AI) solution fighting transaction fraud across the Middle East and...
Kenya drops financial impropriety case against Flutterwave
Kenya has dropped charges of financial impropriety against Flutterwave Inc., about seven months after a court in the East African country froze the bank...
FTX founder accuse prosecutors of sandbagging him
Lawyers of the embattled FTX Founder, Sam Bankman-Fried are accusing the prosecutors in the lawsuit against their client of “sandbagging" the process to put their...
The biggest crypto scam: OneCoin co-founder pleads guilty
Co-founder of OneCoin, Sebastian Greenwood has finally pled guilty to scamming users of the platform of $4 billion and is facing up to 60...
Cyber Security Authority warns of rising fraudulent activities targeting bank customers
The Cyber Security Authority (CSA) is warning of rising fraudulent activities targeting bank customers.
According to the authority, it has received several and further observed...
BEIGE Bank CEO Mike Nyinaku charged with GH₵‎2.1bn theft
Attorney-General and Minister of Justice has filed 44 charges against Founder and Chief Executive Officer (CEO) of now defunct BEIGE Bank, Michael Nyinaku, over...