Bad debt topped the tables for the greatest single cause of leakage per the Risk & Assurance Group’s RAFM Survey.
Shareholder representatives are standing by Juris Gulbis, CEO of Tet, after he was charged with overpaying EUR7.6mn for TV equipment.
Stanbic Bank Uganda, MTN Uganda and Airtel Uganda said they faced “unprecedented technical challenges”.
Authorities are taking action following a 50% rise in phone impersonation frauds.
Philippine internet gaming firms that target Chinese players have been blamed for illegal immigration and phone frauds.
Fraudsters in Gurgaon, India, were raided by police after British hacker Jim Browning published recordings of their crimes.
Public awareness of fraud is what you seek if you are not able or willing to take more effective forms of action.
The survey also found that technology, media and telecoms (TMT) businesses suffered less internal fraud.
It was also reported that some Ghanian mobile money operators have a lax control environment from top to bottom.
The boss of an Alaskan carrier forged signatures to make it seem like she had secured valuable wholesale contracts. Previously she worked in risk management.