A recent study by TransUnion has revealed a sharp increase in suspected digital fraud cases within Botswana’s financial services sector, highlighting it as the industry with the highest rate and year-over-year growth of suspected fraud in 2023.
According to the study, the rate of suspected digital fraud attempts for financial services transactions, where the consumer was located in Botswana, surged by 196 percent year-over-year (YoY) to 9.7 percent in 2023. This marked the highest suspected fraud rate and YoY growth among analysed industries.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
