BoU warns on rising cyber fraud as banks deepen digital shift
Business National News
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BoU warns on rising cyber fraud as banks deepen digital shift

July 24, 2026
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The Bank of Uganda has warned of rising cyber crime risks as more Ugandans shift to digital banking platforms, with fraud losses hitting Shs 1.02 trillion in 2024. The warning was issued during the launch of new digital platforms by NCBA Bank Uganda, where BoU said the rapid growth of online

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