Rwanda setting the pace for innovation and economic power house Featured

If there is any country that is at the forefront of excellence and advancement, it is Rwanda. The country is doing right all the things that matter for unprecedented economic growth through empowering the locals. A few examples: Infrastructure Rwanda’s infrastructure is slated to become the best in Africa, if not yet already. Every time …

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Fraud: How URA has lost a lot of revenue to tax defaulters

After Uganda Revenue Authority (URA) sent many reminders to the companies to pay their outstanding tax, the body took the necessary steps. Among these, on 6th June 2014, URA finally published a list of the top companies that have deliberately failed to pay their outstanding tax dues. URA has gone as far as imposing travel …

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Cheque fraud widespread in Uganda, says financial report

Kampala- Cases of fraud involving cheques are more rampant in Uganda than in any other country in East Africa, a recent Deloitte report has shown. The Financial Crimes Survey Report, 2013, released recently, reveals that 50 per cent of cheque-related fraud happens in Uganda compared to Kenya’s 44 per cent and Tanzania’s 14 per cent. …

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Banking malware ‘Luuuk’ stole €500,000 within a week

The malware also gathered the users’ logins and passwords and one-time passcodes. About €500,000 has been stolen from accounts in an undisclosed large European bank in Italy and Turkey via a new banking Trojan campaign dubbed ‘Luuuk’, within a week during early 2014. Security firm Kaspersky has identified more than 190 victims from whom the …

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Rise in Mobile Malware and Rootkits Among Threats Noted in McAfee Report

McAfee’s quarterly threat report summarizing the most dangerous cybersecurity trends McAfee Labs experts are seeing that affect consumers, government and business includes mobile malware that’s exploiting permissions granted unknowingly by users on their smartphones and tablets; A rise in rootkits which can circumvent common 64-bit security; a rapid rise in signed malware; and hundreds of …

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