Country
Kenya

Source
Article by Business Daily Africa

Title
How Jumia lost millions in cyber fraud, robbery

About
Dated March 2019| E-commerce platform Jumia Kenya lost at least Sh118 million in the last two years due to consumer cyber fraud and a robbery. The latest incident, which happened late last year, involved a break-in at its warehouse in Kenya that resulted in the loss of merchandise to the tune of Sh56 million. In 2017 the firm took a Sh62 million hit after a group of consumers fraudulently used electronic payment suppliers to acquire goods.

Key findings

Website
https://www.businessdailyafrica.com/corporate/companies/Jumia-lost-millions-in-cyber-fraud/4003102-5023944-89xnyoz/index.html