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The Standard Group Plc is a
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print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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| Institute of Certified Public Accountants of Kenya (ICPAK) Chairman Mr Benson Okundi (right), confers with his CEO Dr Patrick Ngumi (left) and Mr Fernandes Baraza (centre) during the launch of their service charter recently. [PHOTO: PETERSON GITHAIGA/STANDARD] |
Nairobi; Kenya: The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns over rising cases of mobile money, procurement and cyber fraud, calling for increased vigilance. While a rise in the number of Internet users is offering more tools and avenues to savvy fraudsters, a surge in mobile phone users is also opening up more opportunities for theft.
Technological advancements have seen banks put in place strict regulations on opening accounts. However, mobile banking platforms have become the weak link for fraudsters to exploit and access bank accounts. This is after more consumers replaced their traditional wallets with digital ones, giving them the ability to pay for goods and services either online or with their cards.
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