{"id":480000,"date":"2024-09-23T14:59:45","date_gmt":"2024-09-23T14:59:45","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=480000"},"modified":"2024-09-23T14:59:50","modified_gmt":"2024-09-23T14:59:50","slug":"ecobank-kenya-loses-millions-of-dollars-on-card-fraud","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2024\/09\/23\/ecobank-kenya-loses-millions-of-dollars-on-card-fraud\/","title":{"rendered":"Ecobank Kenya loses millions of dollars on card fraud"},"content":{"rendered":"<p>Ecobank Kenya lost millions of dollars between 2020 and 2022 following the failure of its card operations team to upload critical transaction files exposing the lender to fraud.Revelations from an internal report by the bank, a task force appointed in 2023 highlighted the weaknesses that saw the lender lose millions to merchants and employees. The... <\/p>\n<div class=\"pmpro\"><div class=\"pmpro_card pmpro_content_message\"><h2 class=\"pmpro_card_title pmpro_font-large\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"var(--pmpro--color--accent)\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"feather feather-lock\"><rect x=\"3\" y=\"11\" width=\"18\" height=\"11\" rx=\"2\" ry=\"2\"><\/rect><path d=\"M7 11V7a5 5 0 0 1 10 0v4\"><\/path><\/svg>Membership Required<\/h2><div class=\"pmpro_card_content\"><p> You must be a member to access this content.<\/p><p><a class=\"pmpro_btn\" href=\"https:\/\/www.financialafrik.com\/en\/membership-account\/membership-levels\/\">View Membership Levels<\/a><\/p><\/div><div class=\"pmpro_card_actions pmpro_font-medium\">Already a member? <a href=\"https:\/\/www.financialafrik.com\/en\/login-3\/?redirect_to=https%3A%2F%2Fwww.financialafrik.com%2Fen%2F2024%2F09%2F23%2Fecobank-kenya-loses-millions-of-dollars-on-card-fraud%2F\">Log in here<\/a><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Ecobank Kenya lost millions of dollars between 2020 and 2022 following the failure of its card operations team to upload critical transaction files exposing the lender to fraud.Revelations from an internal report by the bank, a task force appointed in 2023 highlighted the weaknesses that saw the lender lose millions to merchants and employees. The&#8230;... <\/p>\n<div class=\"pmpro\"><div class=\"pmpro_card pmpro_content_message\"><h2 class=\"pmpro_card_title pmpro_font-large\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"var(--pmpro--color--accent)\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"feather feather-lock\"><rect x=\"3\" y=\"11\" width=\"18\" height=\"11\" rx=\"2\" ry=\"2\"><\/rect><path d=\"M7 11V7a5 5 0 0 1 10 0v4\"><\/path><\/svg>Membership Required<\/h2><div class=\"pmpro_card_content\"><p> You must be a member to access this content.<\/p><p><a class=\"pmpro_btn\" href=\"https:\/\/www.financialafrik.com\/en\/membership-account\/membership-levels\/\">View Membership Levels<\/a><\/p><\/div><div class=\"pmpro_card_actions pmpro_font-medium\">Already a member? <a href=\"https:\/\/www.financialafrik.com\/en\/login-3\/?redirect_to=https%3A%2F%2Fwww.financialafrik.com%2Fen%2F2024%2F09%2F23%2Fecobank-kenya-loses-millions-of-dollars-on-card-fraud%2F\">Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":537010,"featured_media":480001,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[16158,12591,12038],"tags":[],"class_list":{"0":"post-480000","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-feature","9":"category-premium-en","10":"post_format-post-format-aside","11":"pmpro-level-required","12":"pmpro-level-1","13":"pmpro-level-3","14":"pmpro-level-4","15":"pmpro-level-5","16":"pmpro-level-6","17":"pmpro-level-7","18":"pmpro-level-2","19":"pmpro-no-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ecobank Kenya loses millions of dollars on card fraud - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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