Botswana’s financial sector faces digital fraud spree

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Sunday Standard

Botswana’s financial sector faces digital fraud spree

A recent TransUnion study revealed a sharp increase in suspected digital fraud cases in Botswana’s financial services sector, highlighting the sector as having the highest suspected fraud rate in 2023 and year-on-year growth.

According to the study, for financial services transactions where consumers are located in Botswana, the incidence of suspected digital fraud surged 196% year-on-year to 9.7% in 2023. This is the highest rate of suspected fraud and year-on-year growth among the industries analyzed.

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Posts Botswana’s financial sector faces digital fraud spree First appeared in Sunday Standard And by Portia Nkani

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