The Hidden Crisis: How Transaction Fraud is Bleeding Schools Dry
The Hidden Crisis: How Transaction Fraud is Bleeding Schools Dry And Why Technology, Not Trust, is the Only Solution "We trusted our bursar completely. For three years, she manipulated payment references, replacing 2s with Zs and 0s with Os. By the time we discovered it, KES 4.2 million was gone." Principal, Private Secondary School, Nairobi Every month, thousands of parents across Kenya send school fees through M-Pesa, bank transfers, and cash payments. They trust that their money reaches their children's school accounts. They trust that the receipts they receive are genuine. They trust the bursars who manage these transactions. But trust, as hundreds of schools have discovered, is not a control mechanism. It is a vulnerability that sophisticated internal fraudsters exploit wi...