Kenyan retail giant Naivas, suffers ransomware attack
The biggest online retailer in Kenya, Naivas, confirmed that it had been the victim of a ransomware assault by the cybercrime group.
Kenya
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Whitepath and Regus both fined Ksh 5 million for data abuse
The Kenyan Data Protection Commissioner has ordered co-working space provider Regus and digital money lending company Whitepath to pay fines totaling Ksh 5 million each for violating enforcement letters.
M-KOPA secured a $75 million growth equity funding round
KCB system security flaw exposed
Chris Irakoze, a programmer from Burundi, exposed a data breach KCB Bank's (Kenya) mobile app which exposed details of 500,000 customers. Irakoze first mentioned the data breach in September 2016.
Kenya's failed cashless payment system for public transport
Cheaper mobile loans in compliance introduced in Kenya
Kenya's new lending law caps bank interests at 4% above the Central Bank Benchmark Rate, which stands at 10.5%, regulates applicable rates to bank loans, mobile loans, and deposits.