Blockchain technology simply means the ability to have digital information that cannot be copied but it can be distributed. While it was originally devised for the digital currency, blockchain technology has now morphed beyond the virtual currencies. It is now being tested for use by...

Safaricom has launched a fraud intelligence solution for financial institutions. The service is aimed at helping banks, micro-finance institutions and insurance companies to reduce fraud targeting customers by providing them with a tool that authenticates financial transactions. According to Safaricom, the solution will also empower...

Nairobi Securities Exchange (NSE)-listed financial services group, Sanlam Kenya has announced the alignment of its business strategy and processes to allow for transparency across the board. This is in support of the industry and regulator efforts to curb fraud, an industry wide problem that...

The arrest of five employees of Barclays Bank of Kenya and G4S over the alleged theft of Ksh 11 million from ATMs belonging to the lender in Nairobi over the Easter weekend confirms previous findings that  employees are the greatest risk to companies when...

There was an increase in the number of cyber threats targeted at Kenya’s cyber space with over 10.2 million cyber events detected during the second quarter of 2018/19 as compared to 3.8 million in the previous quarter, a new report by the Communications Authority...

Board says financial controller alleged to have executed the ‘fraud’ resigned from the company to pursue other interests