TransUnion sees rising digital fraud in Botswana
Friday, November 15, 2024 | 610 Views |
Seeing trends: Ramaselwana
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.
As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...