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TransUnion sees rising digital fraud in Botswana

Seeing trends: Ramaselwana
Seeing trends: Ramaselwana

A recent TransUnion analysis reveals that in the first half of 2024, three percent of all attempted digital transactions from Botswana were flagged as potentially fraudulent.

Whilst Botswana ranks fifth lowest amongst 19 regions in terms of suspected digital fraud rates, specific industries, especially gaming, have faced heightened risks.

According to TransUnion’s State of Omnichannel Fraud Report of 2024, the gaming industry saw the highest levels of suspected digital fraud in Botswana during the first quarter, with 12.5% of gaming transactions flagged as suspicious. The financial services sector followed with a 3.9 percent suspected fraud rate, while retail saw 2.8 percent.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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