Robust ID systems can curb cybercrime and boost Africa's economic development by enhancing security and trust in digital transactions. Accurate identification enables targeted resource allocation, fostering financial inclusion and driving economic growth.

The Central Bank of Uganda, BoU, recently mandated a government-issued ID presentation for digital transactions exceeding one million Ugandan shillings ($260). The move, announced on April 19, aims to combat digital payment fraud in line with regulatory requirements.

The institution revealed in a tweet that it has “observed a rise in the usage of mobile money platforms for online fraud and scams. Mobile money systems have occasionally been the target of cybercrime carried out by agents working with criminals.”

Bank of Uganda on X: "TRUE: The Bank of Uganda observed a rise in the usage of mobile money platforms for online fraud and scams. Mobile money systems have occasionally been the target of cybercrime carried out by agents working with criminals. Therefore, in compliance with Section 55(1)b of the…" / X (twitter.com)

Valid national IDs or passports are now necessary for transactions surpassing one million Ugandan shillings.

KPMG, in its Africa Cyber Security Outlook 2022 Survey, reveals that East Africa has the highest proportion of cyber-attacks in Africa, with 31% reported incidents. Also, despite 39 out of 54 African countries having cyber security legislation, Africa's adoption of such policies stands at 72%, the lowest globally.

Strengthening cybersecurity measures is crucial to enhance digital resilience and protect financial systems and individuals from future threats.

Hikmatu Bilali