IT sleuths come hunting money launderers in EA Mark Kapchanga
Publication details: Nairobi Nation Media Group February 23-March 1 2009Description: p.29 The EastAfrican, February 23-March 1 2009Subject(s): Summary: A US-based information technology company, Project Engineering, is set to carry out penetrative tests in East Africa's banking sector. The principle focus of the company will be the regions banking industry which has on occasion been marred by money laundering scandals. The projects engineer says hackers are coming up with sophisticated ways of attacking banking processors before stealing billions of shillings from them. Concerns about the safety of mobile money transfer transaction have been rife with some users treating it as a bank deposit account, although it operates outside the existing banking regulations.
A US-based information technology company, Project Engineering, is set to carry out penetrative tests in East Africa's banking sector. The principle focus of the company will be the regions banking industry which has on occasion been marred by money laundering scandals.
The projects engineer says hackers are coming up with sophisticated ways of attacking banking processors before stealing billions of shillings from them.
Concerns about the safety of mobile money transfer transaction have been rife with some users treating it as a bank deposit account, although it operates outside the existing banking regulations.
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