Account takeover is a growing form of online fraud. In 2025, the United States Federal Bureau of Investigation (FBI) received more than 5,100 complaints relating to financial account takeover, with reported losses exceeding US$262 million. Criminals want access to genuine accounts because those accounts already have the trust they need.
We are pleased to announce that Kora has achieved SOC 2 Type II compliance. This milestone serves as independent validation of the strength and maturity of our security control environment for clients, partners, and stakeholders.
Kora participated at the Nigeria Stablecoin Summit (NSS) 2026, where regulators, financial institutions, fintech leaders and ecosystem stakeholders gathered to discuss the future of digital assets and cross-border payments in Africa, and a key focus was how stablecoins continue to reshape global payments, conversations are increasingly shifting from adoption to infrastructure.
Kora contributed to Nigeria Fintech Forum (NFF) 2026's industry discussions through a fireside chat on fraud, where Sydney Okparaeke, Compliance Manager at Kora, shared insights on the evolving fraud landscape and the importance of building secure payment systems as digital transactions continue to grow.
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