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4-Traders Homepage  >  Equities  >  NAIROBI STOCK EXCHANGE  >  Safaricom Limited    SCOM   KE1000001402

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Safaricom : Ronald Nsale denies hacking into Safaricom system

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04/22/2017 | 04:40am CEST

An Ugandan man was on Friday charged with hacking into Safaricom’s system.

Ronald Nsale had been in police custody and was presented in court following allegations that he had hacked into the electoral commission’s systems.

READ: Ugandan linked to IEBC hacking seized

It was alleged that he was working with the Islamic State group and was charged with unauthorized access to a protected system.

The information technology expert appeared before chief magistrate Francis Andayi where he denied the charge.

He was released on a Sh200,000 bond.

TERRORISM The prosecution told court that Nsale committed the offence between December 1, 2016, and March this year.

He is believed to have accessed Safaricom’s systems remotely using a line registered under the name Edwin Mugwi to conduct an “unauthorized Sim swap”.

The line was allegedly given to him by a watchman, which triggered investigations to target Safaricom staff before Mr Nsale and a Kenyan, Mr Morgan Kamande, were arrested on March 31.

Both were released on bond after being taken to Parliament police station but were re-arrested and locked up at Central police station, Nairobi.

They were transferred to the Anti-Terror Police Unit headquarters, on suspicion of being involved in terror-related hacking activities with a larger criminal network affiliated to Isis and Isil cyber caliphate in the country.

OBSTRUCTING JUSTICE According to detectives, they were being investigated for providing property and services for the commission of terrorism, collection of information for the same and obstructing the course of justice.

But the court heard on Friday that Safaricom’s fraud investigation manager, the unauthorized access had been discovered and a cybercrime report from the company’s IT expert linked Mr Nsale to the offense of hacking.

Mr Kamande was freed but Mr Nsale was asked to deposit his passport in court to ensure that he shows up for his trial.

“Mr Kamande is at liberty, his file is closed,” Magistrate Andayi said.

The case will be heard on May 23.

(c) 2017 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( KES)
Sales 2017 210 035 M
EBIT 2017 68 672 M
Net income 2017 48 024 M
Finance 2017 12 183 M
Yield 2017 5,52%
P/E ratio 2017 15,95
P/E ratio 2018 14,10
EV / Sales 2017 3,59x
EV / Sales 2018 3,21x
Capitalization 767 253 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 22,1  KES
Spread / Average Target 15%
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Managers
NameTitle
Robert William Collymore Chief Executive Officer, Executive Director & MD
Nicholas Nganga Chairman
Steve Okeyo Director-Regional Sales & Operations Division
Govinder Sateesh Kamath Chief Financial Officer
Thibaud Rerolle Director-Technical & Information Technology
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