Digital Money
Rethinking Digital Financial Services
An interview with Kevin Mutiso, Chairman of the Digital Financial Services Association of Kenya.
Digital Lenders Using Mobile Apps to Invade Privacy and Humiliate Customers
Money lenders extract data about each customer's contacts, then spam the contacts if debts are not repaid on time.
Notorious Mobile Money SIM Swap Fraudster Arrested in the Act
Emmanuel Kiprono and his gang target Kenyans with large M-PESA balances.
SIM Swap Social Engineering of T-Mobile Staff Blamed for $691,000 NFT Heist
Ethereum co-founder Vitalik Buterin blamed the US mobile operator for enabling a scam that targeted his social media followers.
3-Year Prison Sentence for SIM Swapper Who Stole Cryptocurrency Worth $20mn
Anthony Faulk also forfeited a million-dollar home, JP Morgan accounts holding millions, luxury cars and fancy jewelry.
Kenyans Borrow $5bn a Year via Mobile Money Overdrafts
The financial accounts of Safaricom state that lending through their Fuliza microlending service rose 40 percent year-on-year.
Politician Says Safaricom Insider to Blame for SIM Swap Mobile Money Fraud
Somebody sent SMS and Whatsapp messages from the account of former Kenyan Deputy President candidate Justina Wamae.
Has M-PESA Led to Half of All Kenyans Suffering SIM Swap Fraud?
No, but it is important to examine the prejudices that lead crime statistics to be amplified and exaggerated.
Mobile Games Used to Steal Cryptocurrency
Victims are enticed by rewards that increase as they add more funds to their cryptocurrency wallet. But when they stop playing, both the rewards and the cryptocurrency disappears.
Billion-Dollar Lawsuit Claims Safaricom Should Be Regulated as a Bank
Critics say the Kenyan mobile money pioneer uses customer funds to cover overdrafts. These overdrafts also attract SIM swap fraudsters.
Asia Is Racing Ahead with Digital Currencies (and Digital Risk Management Too)
Laos is copying Cambodia by turning cash into data. Indians will soon spend their Central Bank Digital Currency (CBDC) in retail stores.
Using Mobile Money to Issue and Repay Loans
Ugandan fintech business Numida says that 99 percent of their loans are made using mobile money.
The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
Get Our Weekly Newsletter by Email
