Posted inBanking

Ugandan banks race to tighten cyber defences after Shs72b fraud hit

KAMPALA — Uganda’s banking industry is stepping up efforts to combat cybercrime after financial institutions lost more than Shs72.1 billion to fraud in 2024, while hundreds of cybercrime cases remain unresolved amid rapid growth in digital financial transactions. The Uganda Bankers Association (UBA), working with Financial Sector Deepening (FSD) Uganda, last week brought together commercial […]

Gift this article