This is a continuation of the countdown of the top 5 high-tech frauds in 2013. Click here to read part 1. This is about a reckless IT manager and Ugx 1bn (US $ 400,000) fraud at the reckless Bank A, located in Dodoma, Tanzania. We uncovered the fraud during a white box penetration testing on the bank’s core banking application, after noticing weak controls over management of the banks database. The bank’s core banking application had been supplied by a given vendor, who insisted on having a service level agreement (SLA). Under the agreement, the bank would call the vendor…

Classified information is that Vodafone plans to acquire Orange Uganda Ltd operations and plans are underway at the group level for an initial due diligence aimed at a high-level business case. Vodafone has presence in Europe, Africa, Middle East and Asia Pacific. Vodafone’s biggest challenge is data. Of the British Pound Sterling 9,885 million they plan to make in 2013/14 quarter 2, only 1,887m Pound Sterling will come from data (table 1 below). That is just 20%, which is not rosy considering telecoms are moving to value added services. Acquiring Orange in Uganda represents the best strategy as the company…