By Gerald Gekara
Safaricom, Kenya’s leading teleco by customer and financials, has now moved to tame cyber crime by investing in products that will nip the fraud in the bud.
In a statement to newsrooms and as published by the Business Daily, the company says the move will enable the firms to secure their emails, websites, manage vulnerability, test audit systems as long as contact real time monitoring of their security systems.
The move is a big relieve for banks, government institutions, insurance companies, fund managers, telecommunications companies and asset management companies.
Nearly all the sectors of the economy have been targeted by fraudsters including Safaricom itself. Variously, the government has lost money through IFMIS, the government financial systems that approves payment to government suppliers and contractors has been a key target by fraudsters.
Last year alone unreported fraud cases cost firms and individuals an estimated sh. 10 billion and is being viewed as one of the biggest threats to business.
The Safaricom innovation comes at a time when the company has launched the Fulisa product that is offering its customers pay for bills using Mpesa even when there are insufficient funds.
Safaricom has also provided other cutting edge products such as Mshwari which have boosted micro business enterprises in Kenya.
CEO Bob Collymore announced the anti cyber cyber crime product yesterday.
The taxman KRA has also fallen folly to the fraudsters and will find this product especially relevant. Safaricom has since inception evolved from a voice only firm to a financial, security and ICT service provider